Govt Launches Digital Portal To Support Semiconductor Investors

(MENAFN- KNN India) New Delhi, May 26 (KNN) The Ministry of Electronics and Information Technology (MeitY) on Tuesday launched an online“Investors Support” portal aimed at facilitating investment and addressing concerns related to India's semiconductor ecosystem.

The portal is designed to provide investors with information on government schemes, policies, approved projects under the Semicon India Programme and regulatory requirements related to semiconductor investments in India.

According to the ministry, 12 fabrication and packaging projects and 24 semiconductor design projects have been approved so far under the Semicon India Programme as part of efforts to develop a domestic semiconductor ecosystem.

The platform will also allow investors to register grievances and concerns, which will be addressed by officials of the India Semiconductor Mission in coordination with nodal officers from ministries, departments, state governments, project companies and industry associations.

During the launch event, Amitesh Kumar Sinha, Chief Executive Officer of the India Semiconductor Mission, highlighted the importance of investor facilitation and coordination among stakeholders to strengthen semiconductor manufacturing and design capabilities in the country.

The ministry said the portal provides a role-based single-window digital interface for coordination and time-bound resolution of investor issues.

The launch event also included demonstrations of the portal's framework, onboarding process and coordination mechanisms involving participating government bodies and industry stakeholders.

(KNN Bureau)

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