The Centre has set up three sub-committees to evaluate the proposed project before approving incentives. GOI has set up three sub-committees to evaluate the multi billion dollar proposals received after declaration of ISM.
Ministry of Electronics and Information Technology (MeitY) and Industrial Finance Corporation of India (IFC) are the part of the sub committees that will evaluate the proposals. 2nd committee is formed with officials from National Investment and infrastructure Fund(NIIF). 3rd sub- committee is formed with 21 member expert group of ISM (Chaired by Minister Shri Ashwini Baisnav)and includes three domain experts also.
The committees are evaluating each proposals from all aspects including financial viability, technical expertise, financial capability of the partners. Since all the projects are worth multi billion and they will receive huge incentive from central and state governments, GOI is evaluating each proposal very carefully. First Ministry of Electronics and Information Technology and then Cabinet must be convinced about all aspects of the project and then only the project will pass.
Mr. Vinod Dham who is known as father of the Intel Pentium chip, has signed up to be one of the advisers to the India Semiconductor Mission (ISM). He, along with a group of individuals, will oversee proposals from firms looking to build semiconductor plants in India under the government’s production-linked incentive (PLI). In an interview, Mr Dham said he sees great progress on the country’s chip plans and expects some movement to happen within a year.
