India Semiconductor Mission launches investor support portal to boost confidence: Ministry
New Delhi, May 26
Under the Central government's Semicon India Programme, 12 Fab or packaging projects and 24 semiconductors design projects have been approved so far and India Semiconductor Mission launched an online "Investors Support" portal to boost investor confidence and address their concerns, a statement said on Tuesday.
The portal, accessible at https://www.ism.gov.in/investment, provides information on government schemes, policies, approved projects under the Semicon India Programme, regulatory requirements, etc. for investors considering semiconductor investments in India, the statement from Ministry of Electronics & IT said.
Relevant stakeholders will get a secure, role-based, single-window digital interface for streamlined coordination and time-bound resolution of concerns, the ministry said.
The portal will enable investors to register their grievances or concerns which will be resolved by the officials of India Semiconductor Mission (ISM) with the support of Nodal Officers of concerned ministries, departments, organisations, state governments, approved project companies and international and national trade bodies/associations.
Amitesh Kumar Sinha, CEO, ISM emphasised the importance of handholding and facilitation of foreign investors, the statement noted.
Sinha urged representatives of all concerned stakeholders to proactively discharge their respective roles in addressing concerns of the investors for strengthening the semiconductor manufacturing and design ecosystem in the country.
Relevant stakeholders will get a secure, role-based, single-window digital interface for streamlined coordination and time-bound resolution of concerns.
The launch event also included an overview and walkthrough of the portal's framework, functionalities, onboarding process, coordination mechanisms, and the role and responsibilities of the nodal officers of participating ministries, departments, organisations, state governments, approved project companies, international and national trade bodies or associations.
The government has been undertaking concerted efforts towards the development of a resilient, trusted, and sustainable semiconductor ecosystem in the country through various strategic initiatives and policy interventions.
— IANS
Reader Comments
As an investor looking at India, this is encouraging. Single-window clearance and time-bound resolution sound promising. But I've seen similar portals in other sectors that didn't deliver. Let's see how effectively the nodal officers coordinate across ministries. Actions speak louder than portals.
Finally some tangible progress! 🎉 12 Fab projects and 24 design projects approved - this is impressive. But I hope we're also investing in R&D and talent development. We can't just be an assembly hub; we need homegrown innovation too. Still, kudos to the team for this portal.
I remember the days when we couldn't even make a simple chip. Now look at us! 😊 This portal shows the govt means business. But please ensure the portal is user-friendly and doesn't crash like some other govt websites. Also, keep the incentives attractive for global giants like TSMC.
Good first step, but India needs to address infrastructure bottlenecks - reliable power, water, and logistics. Also, intellectual property protection is a concern for many foreign companies. This portal is just a platform; the real work is in execution and follow-through. Hope ISM delivers.
Excellent initiative! As someone working in electronics design, I can say this will boost confidence among suppliers and customers. But one request: please include smaller Indian startups in this ecosystem too, not just big players. They also bring innovative ideas. Overall, very positive direction. 👏
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