Semiconductor Mission 2.0 Launched; Electronics Component Scheme Outlay Doubled
India unveils Semiconductor Mission 2.0, doubles electronics component manufacturing scheme outlay.
Photo by Maxence Pira
Key Facts
ECMS outlay increased: ₹22,805 crore to ₹40,000 crore
ECMS application window: Open until 2027
ISM 1.0 outlay: ₹76,000 crore
UPSC Exam Angles
GS Paper III: Indian Economy - Industrial Policy
Connects to Make in India initiative and Atmanirbhar Bharat
Potential for questions on government schemes and technology
Visual Insights
Key Figures: Semiconductor Mission 2.0 and ECMS
Highlights of the India Semiconductor Mission 2.0 and the increased outlay for the Electronics Component Manufacturing Scheme (ECMS).
- ECMS Outlay
- ₹40,000 crore+₹17,195 crore
- ISM 1.0 Outlay
- ₹76,000 crore
Increased investment to boost domestic electronics component manufacturing.
Initial investment in the India Semiconductor Mission.
More Information
Background
Latest Developments
Frequently Asked Questions
1. What is the India Semiconductor Mission (ISM) 2.0, and why is it important?
The India Semiconductor Mission (ISM) 2.0 aims to boost the semiconductor industry by focusing on equipment and materials production, designing Indian Intellectual Property (IP), and strengthening supply chains. It is important because it aims to make India self-reliant in semiconductor technology.
2. What are the key objectives of the Electronics Component Manufacturing Scheme (ECMS)?
The Electronics Component Manufacturing Scheme (ECMS) aims to boost the domestic manufacturing of electronic components. The scheme's outlay has been increased to ₹40,000 crore, and the application window is open until 2027 for indigenously manufactured capital machinery to make components.
3. What is the total outlay for ISM 1.0 and the revised outlay for ECMS?
The total outlay for ISM 1.0 was ₹76,000 crore. The Electronics Component Manufacturing Scheme (ECMS) outlay has been increased from ₹22,805 crore to ₹40,000 crore.
Exam Tip
Remember these figures for Prelims - they are important for government schemes.
4. Who announced the launch of India Semiconductor Mission (ISM) 2.0 and the doubling of the ECMS outlay?
Union Finance Minister Nirmala Sitharaman announced the launch of India Semiconductor Mission (ISM) 2.0 and the doubling of the Electronics Component Manufacturing Scheme (ECMS) outlay.
5. What are the potential benefits and drawbacks of the Semiconductor Mission 2.0 for India?
The Semiconductor Mission 2.0 aims to make India a global hub for semiconductor manufacturing, potentially boosting the economy and creating jobs. However, the high initial investment and the need for skilled labor could be potential drawbacks.
6. Why is the semiconductor industry currently facing challenges, and how does ISM 2.0 address them?
The global semiconductor industry is facing supply chain disruptions and increasing demand. ISM 2.0 aims to address these challenges by fortifying supply chains and promoting domestic manufacturing of equipment and materials.
7. How does the Electronics Component Manufacturing Scheme (ECMS) support the 'Make in India' initiative?
The ECMS supports the 'Make in India' initiative by incentivizing domestic manufacturing of electronic components. The scheme encourages companies to set up or expand their manufacturing facilities in India, reducing reliance on imports.
8. What are the key facts to remember about the ECMS application window for the UPSC Prelims exam?
The ECMS application window is open until 2027. This is crucial for companies planning to invest in indigenous capital machinery for component manufacturing. Remember the deadline for the exam.
Exam Tip
Note the year 2027 - it could be a potential MCQ.
9. What reforms are needed to further strengthen the semiconductor ecosystem in India?
Further reforms could include streamlining the approval processes for setting up manufacturing units, providing additional incentives for research and development, and investing in skill development programs to create a skilled workforce.
10. Why is the Semiconductor Mission 2.0 in the news recently?
The Semiconductor Mission 2.0 is in the news due to the Union Finance Minister's announcement of its launch and the doubling of the Electronics Component Manufacturing Scheme (ECMS) outlay. These developments signal the government's commitment to boosting the semiconductor industry in India.
Practice Questions (MCQs)
1. Consider the following statements regarding the Electronics Component Manufacturing Scheme (ECMS): 1. The scheme aims to boost domestic manufacturing of electronic components and semiconductors. 2. The application window for the ECMS is open until 2027 for indigenously manufactured capital machinery to make components. 3. The outlay for ECMS has been doubled to ₹40,000 crore under Semiconductor Mission 2.0. Which of the statements given above is/are correct?
- A.1 and 2 only
- B.2 and 3 only
- C.1 and 3 only
- D.1, 2 and 3
Show Answer
Answer: D
All the statements are correct. The ECMS aims to boost domestic manufacturing of electronic components and semiconductors. The application window is open until 2027 for indigenously manufactured capital machinery. The outlay has been doubled to ₹40,000 crore under Semiconductor Mission 2.0, as stated in the news summary.
2. Which of the following statements best describes the primary objective of the India Semiconductor Mission (ISM) 2.0?
- A.To solely focus on attracting foreign investment in semiconductor manufacturing.
- B.To produce equipment and materials, design full-stack Indian IP, and fortify supply chains in the semiconductor industry.
- C.To promote the import of semiconductors to meet domestic demand.
- D.To provide subsidies only to large multinational corporations in the semiconductor sector.
Show Answer
Answer: B
Option B is the correct answer. According to the news summary, ISM 2.0 aims to produce equipment and materials, design full-stack Indian IP, and fortify supply chains. The other options are incorrect as they do not fully represent the comprehensive objectives of the mission.
3. With reference to the semiconductor industry, consider the following: 1. Silicon is the most widely used semiconductor material due to its abundance and suitable electrical properties. 2. Moore's Law predicts the doubling of transistors on a microchip approximately every year. 3. The semiconductor industry is highly capital-intensive, requiring significant investments in research, development, and manufacturing. Which of the statements given above is/are correct?
- A.1 and 2 only
- B.1 and 3 only
- C.2 and 3 only
- D.1, 2 and 3
Show Answer
Answer: B
Statements 1 and 3 are correct. Silicon is indeed the most widely used semiconductor material. The semiconductor industry is highly capital-intensive. Statement 2 is incorrect because Moore's Law predicts the doubling of transistors approximately every TWO years, not every year.
