Union Minister for Electronics and Information Technology Ashwini Vaishnaw has launched the Semicon 2.0 Web Application Portal and announced 12 newly approved applicants under the Electronics Components Manufacturing Scheme (ECMS). Applications are now live on the portal for Pillars 2, 3, and 4, covering machines and materials, setting up semiconductor fabs, and strengthening assembly, testing, marking, and packaging (ATMP/OSAT) facilities.
Semicon 2.0 has a total fiscal outlay of ₹1,27,500 crore under the India Semiconductor Mission. The 12 newly approved ECMS projects represent a projected investment of ₹7,503 crore, an estimated production value of ₹39,045 crore, and are expected to generate 7,127 direct jobs across Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.
The approvals cover 10 product segments including multi-layer PCBs, heat sinks, specialty ceramics, copper foil, cathode active material, polypropylene film, camera rims, and capital goods tooling. With these additions, total approvals under the ECMS stand at 118 applications, involving projected investments of ₹77,051 crore and expected direct employment for 81,755 people.
What it means
- Applications under Semicon 2.0 are now live for Pillars 2, 3, and 4 on the new portal.
- The 12 newly approved ECMS projects are expected to create 7,127 direct jobs across seven states.
Source
Press Information Bureau, Government of India, “Union Minister Ashwini Vaishnaw Launches Semicon 2.0 Web Application Portal and Announces 12 Approved Applicants under Electronics Components Manufacturing Scheme”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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