Support For Chips To Continue For Next Couple Of Decades, Single Window Clearance Soon: Meity Officer

India's semiconductor sector is poised for significant growth as the Ministry of Electronics and Information Technology (MeitY) indicates robust support for chip manufacturing over the next two decades. An official announced that several semiconductor projects under the India Semiconductor Mission (ISM) 1.0 are expected to be finalized soon, with plans for ISM 2.0 to follow shortly thereafter. This initiative is part of the government's broader strategy to boost domestic semiconductor production, reduce dependency on imports, and enhance technological self-sufficiency. The introduction of a single-window clearance system aims to streamline regulatory processes, making it easier for companies to invest in and establish semiconductor manufacturing capabilities in India. This development aligns with global trends where countries are increasingly recognizing the strategic importance of semiconductors in various sectors, including consumer electronics, automotive, and telecommunications. As India positions itself as a key player in the global semiconductor supply chain, the upcoming projects are anticipated to attract substantial investments and foster innovation in the industry.