The government has invited bids from project management companies and joint ventures to oversee and manage the operations of the India Semiconductor Mission (ISM). This includes evaluating the technological and financial capabilities of bidders, vetting their proposed technology arrangements, assessing their technology transfer roadmaps, and ensuring the timely completion of projects.
In its bid proposal, the Ministry of Electronics and Information Technology (MeitY) stated that the project management company will also be responsible for estimating the project’s financial aspects, including the overall project cost. This involves monitoring actual expenditures on items such as plant construction, machinery, clean rooms, equipment, and associated units.
Additionally, the project management company will verify the claims submitted by successful bidders under the ISM, closely monitor the financial and technical viability of the projects, and ensure adherence to off-take agreements by the companies involved.
