Local sourcing must for ISM 2.0 subsidy: MeitY tells chip companies

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 07 Oct, 00:30 UTC

ISM 2.0 was unveiled by MeitY last month. While no company has formally announced its application under the scheme, officials say they are discussing the terms of the scheme with the industry. Under the first iteration of ISM, the government had approved 12 investment proposals for manufacturing…