India, May 5 -- The Government of India has issued a release:
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved two more semiconductor projects under India Semiconductor Mission (ISM) which includes country's first commercial Mini/Micro-LED display facility based on GaN (Gallium Nitride) Technology and a semiconductor packaging facility.
The two approved proposals will set up semiconductor manufacturing facilities in Gujarat with a cumulative investment of around Rs.3,936 crore and are expected to generate cumulative employment for 2,230 skilled professionals.
The details of the two approved proposals are as follows:
With these two approvals, semiconductor ecosystem in the country would get a significant boost as the total number of approved projects under India Semi-conductor Mission (ISM) reaches 12, with cumulative investments of around Rs.1.64 lakh crore.
These would complement the growing world class chip design capabilities coming up in the country which are propelled by design infrastructure support provided by Government to 315 academic institutions and 104 start-ups.
Momentum is building up further in the semiconductor ecosystem in India with the ten approved projects already in various stages of execution. Two projects have already started commercial shipments from India and Two more are expected to start commercial shipments soon.
Disclaimer: Curated by HT Syndication.
