With reference to the ‘India Semiconductor Mission’ (ISM), consider the following statements:
- The India Semiconductor Mission (ISM) is established as an independent business division within the 'Digital India Corporation' to build a semiconductor and display ecosystem.
- The mission aims to transition India's role from a traditional 'consumer' of semiconductors to a significant 'producer' and an integrated participant in the Global Semiconductor Value Chain.
Which of the above statement(s) is/are correct?
Correct answer: C
Explanation
Both statements are accurate. ISM was set up in 2021 as an independent business division within the Digital India Corporation under MeitY, with administrative and financial autonomy to build a semiconductor and display ecosystem. It explicitly aims to shift India from being a consumer of chips to a producer and an integrated part of the global semiconductor value chain, backed by the Semicon India programme.