Govt sets three sub-committees to vet proposals under India Semiconductor Mission

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Govt sets three sub-committees to vet proposals under India Semiconductor Mission

Centre has formed three sub-committees to evaluate the multi-billion dollar proposals received under its ambitious India Semiconductor Mission (ISM) and hopes to approve the first applications “soon.”

Five consortiums, including Vedanta-Foxconn, Next Orbit Ventures-Tower Semiconductor (now owned by Intel), and Rajesh Exports, are awaiting official approval to establish semiconductor fabrication units under the ISM’s $10 billion package. Members of the Ministry of Electronics and Information Technology (MeitY) and the Industrial Finance Corporation of India (IFCI), according to sources familiar with the development, are part of one of the sub-committees that will thrash out the proposals.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Centre has formed three sub-committees to evaluate the multi-billion dollar proposals received under its ambitious India Semiconductor Mission (ISM) and hopes to approve the first applications “soon.”

Five consortiums, including Vedanta-Foxconn, Next Orbit Ventures-Tower Semiconductor (now owned by Intel), and Rajesh Exports, are awaiting official approval to establish semiconductor fabrication units under the ISM’s $10 billion package. Members of the Ministry of Electronics and Information Technology (MeitY) and the Industrial Finance Corporation of India (IFCI), according to sources familiar with the development, are part of one of the sub-committees that will thrash out the proposals.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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