ISM 2.0 may get higher outlay than initial $10 billion incentive package: IESA

NEW DELHI: India may allocate a larger capital incentive package for the second edition of the India Semiconductor Mission (ISM 2.0), exceeding the previous $10 billion outlay, according to Ashok Chandak, president of the India Electronics and Semiconductor Association.

“The capital outlay announced last time was about $10 billion. Our expectation is actually more than this. It could be anything — $10 billion, $20 billion, or somewhere in between — I do not know. The industry’s expectation is that it should go beyond the previous allocation,” said Chandak.