The ₹76,000 crore India Semiconductor Mission (ISM), recently announced by the Ministry of Electronics and IT (MeitY), is a resounding statement of intent by the government to gain a foothold in the $553 billion global semiconductor market.
The Covid pandemic, global chip shortages, and now the war in Ukraine have laid bare both the urgent need for Indian self-sufficiency in high technology domains and the opportunity to become a global technology hub, as companies and countries seek to diversify their supplier base away from China and Europe.
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