The agreement has been signed between India Semiconductor Mission (ISM), Tata Electronics Private Limited (TEPL), and Tata Semiconductor Manufacturing Private Limited (TSMPL).
- It is seen as a major step towards implementing >₹91,000 Crore semiconductor project which will have a capacity of 50,000 wafers starts per month (WSPM).
- Government of India through India Semiconductor Mission has committed 50% fiscal support on pari-passu basis (equal footing) for the project under Semicon India Programme.
- India Semiconductor Mission is a specialized and Independent Business Division within Digital India Corporation.
About SemiconIndia Programme
- Aim: to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem
- Financial Outlay- 76000 crore
- Schemes under the program:-
- Modified Scheme for setting up of Semiconductor Fabs in India
- Modified Scheme for setting up of Display Fabs in India
- Modified Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab / Discrete Semiconductors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India and
- Design Linked Incentive (DLI) Scheme
Other Initiatives
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