Ashwini Vaishnaw said that India Semiconductor Mission could take the country on a good semiconductor journey for the next 10 years.
Electronics and Information Technology (IT) Minister Ashwini Vaishnaw has said that good news was expected with regard to the India Semiconductor Mission, which was launched by Prime Minister Narendra Modi in 2022.
Speaking at the Semicon India Programme, the IT minister said that the vision could take the country on a “good semiconductor journey for the next 10 years”.
“Semicon…very very happy to share with you that when the prime minister approved the Semicon Programme on 1st January 2022, we promised to all of you that within the next 14 to 16 months, we will work hard, will interact with everybody, will learn from world’s experience and come out with a programme that is credible. This would take the country on a good semiconductor journey for the next 10 years,” Ashwini Vaishnaw said.
“As the government, we promised you and this 14 to 16-month period begins this 1st March. So stay tuned, you will get some good news in the coming weeks,” he said.
INDIA SEMICONDUCTOR MISSION (ISM)
Formulated as an independent division under Digital India Corporation, the mission aims to implement an “efficient and smooth” programme for the development of semiconductors and its manufacturing ecosystem in India. The mission has been working as an agent for various schemes under the Semicon India Programme.
A press release by the IT ministry, which was a transcript of MoS IT Minister Rajeev Chandrasekhar’s reply in Rajya Sabha, threw light on the objective of the mission, which was also to attract investments in the country.
“So far, Rs 13 crore has been released to ISM. The government has approved the Semicon India programme with a total outlay of INR 76,000 crore for the development of the semiconductor and display manufacturing ecosystem in the country,” the press release stated.
The mission also aims at pushing the country’s presence in the global electronics value chain.
Notably, the All India Council for Technical Education (AICTE), the statutory body for technical education, has launched a curriculum designed for this purpose and has directed engineering colleges to commence curricula related to semiconductors