India, Sept. 9 -- To give a further thrust to the country's growing semiconductor ecosystem, the Centre is mulling a $20 Bn (INR 1.7 Lakh Cr) package for the India Semiconductor Mission (ISM) 2.0.

The ministry of electronics and information technology (MeitY) has sent a proposal to the finance ministry for the same, as per a Mint report.

ISM 2.0 will focus on building a sophisticated chip manufacturing ecosystem in the country which will include building India's first display fab, incentivising chip design patents, and building a robust supply chain by subsidising sensor suppliers, the report said.

ISM 2.0 will also help in developing OSAT units in the country, capital equipment, and materials to cover the entire semiconductor value ch...