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India Semiconductor Mission (ISM)

News: The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to setup the 5th semiconductor unit in Sanand, Gujarat.

Establishment:
📍ISM is a specialized and independent Business Division within the Digital India Corporation.

📍It was created to foster a vibrant semiconductor and display ecosystem, positioning India as a global hub for electronics manufacturing and design.
Powers and Responsibilities:

📍 ISM holds full administrative and financial powers to drive the semiconductor ecosystem in India,
focusing on manufacturing, packaging, and design.

📍It serves as the nodal agency for schemes approved under the Semicon India Programme
.

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