About the Scheme
India Semiconductor Mission was launched in December 2021 with ₹76,000 crore incentive package to develop a sustainable semiconductor and display manufacturing ecosystem. In 2024: Cabinet approved 3 major projects — Tata Electronics (Dholera), Tata Semiconductor Assembly (Assam), CG Power-Renesas (Sanand). India''s first chips to roll out by 2025-26.
Target Beneficiaries: Electronics manufacturing sector; downstream component industry; 1 lakh+ direct and indirect jobs projected
Implementing Agency: India Semiconductor Mission (ISM) under the Ministry of Electronics and Information Technology (MeitY)
Key Features
- ₹76,000 crore incentive package: 50% fiscal support for semiconductor fab; 30% for ATMP/OSAT
- 3 major projects approved (2024): Tata Electronics Dholera fab (28nm), Tata Semiconductor Assembly Assam, CG Power-Renesas Sanand
- India''s first indigenous semiconductor chips expected by 2025-26
- Special incentives for Compound Semiconductors, Silicon Photonics, SiC power devices
- Design Linked Incentive (DLI) scheme: incentivizes IC design startups
- MoU with US, EU, Japan, South Korea for semiconductor supply chain cooperation
- Targets 1 lakh+ jobs; reduction of $200 billion annual electronics import dependency