ISM 2.0 to catalyse investments, boost self reliance: NITI Aayog's Abhay Karandikar

India's recently unveiled India Semiconductor Mission phase 2 or ISM 2.0 which focuses on design and Intellectual Property (IP) creation, helping complete the value chain and making the country Atmanirbhar (self-reliant). The new phase is focused on producing semiconductor equipment and materials in India as well as designing full-stack semiconductor intellectual property. The Union Cabinet had also approved the Research, Development and Innovation (RDI) Scheme, aiming to boost private sector investment.