Ministry of Electronics and Information Technology (MeitY) launches Investors Support portal for semiconductor investors

Key facts

• The Ministry of Electronics and Information Technology (MeitY), under the India Semiconductor Mission (ISM), launched the "Investors Support" portal to provide single-window assistance, regulatory guidance, and grievance resolution.
• Under the Semicon India Programme, 12 fabrication and packaging projects and 24 semiconductor design projects have been approved.
• The ISM was launched in 2021 with a financial outlay of ₹76,000 crore to support silicon semiconductor fabs, display fabs, compound semiconductors, assembly and testing facilities, and semiconductor design ecosystems.
• KLA Corporation invested ₹300 crore to expand its research and development (R&D) and innovation hub in Chennai.
• Domestic semiconductor manufacturing ecosystem foundations are being created through investments from Tata Electronics, Micron Technology, CG Power, Renesas, and Kaynes Semicon.
• India's semiconductor demand is projected to rise to more than $100 billion by 2030.