- India Semiconductor Mission (ISM) has been setup as an Independent Business Division within Digital India Corporation.
- ISM has all the administrative and financial powers and is tasked with the responsibility of catalysing the India Semiconductor ecosystem in manufacturing, packaging and design.
- ISM has an advisory board consisting of some of the leading global experts in the field of semiconductors.
- ISM is serving as the nodal agency for efficient, coherent and smooth implementation of the programme for development of semiconductor and manufacturing ecosystem in India.
Objectives of ISM are as under
- Formulate a comprehensive long-term strategy for developing sustainable semiconductors and display manufacturing facilities and semiconductor design eco-system in the country in consultation with the Government ministries / departments / agencies, industry, and academia.
- Facilitate the adoption of secure microelectronics and developing trusted semiconductor supply chain, including raw materials, specialty chemicals, gases, and manufacturing equipment.
- Enable a multi-fold growth of Indian semiconductor design industry by providing requisite support in the form of Electronic Design Automation (EDA) tools, foundry services and other suitable mechanisms for early-stage startups.
- Promote and facilitate indigenous Intellectual Property (IP) generation.
- Encourage, enable and incentivize Transfer of Technologies (ToT).
- Establish suitable mechanisms to harness economies of scale in Indian semiconductor and display industry.
- Enable cutting-edge research in semiconductors and display industry including evolutionary and revolutionary technologies through grants, global collaborations and other mechanisms in academia / research institutions, industry, and through establishing Centres of Excellence (CoEs).
- Enable collaborations and partnership programs with national and international agencies, industries and institutions for catalyzing collaborative research, commercialization and skill development.
- ISM has been working as nodal agency for the Schemes approved under Semicon India Programme.
Why in News?
- So far, INR 13 crore has been released to ISM.