The Indian government founded its first state-owned semiconductor enterprise, Semiconductor Complex Ltd. (SCL), in Mohali in 1984. Despite this, India has not yet achieved a prominent position in the global semiconductor landscape, and no major Indian manufacturers or market leaders compete in the international market. Technological developments and the current geo-political tensions in the Taiwan Strait have further increased the need for India to become a manufacturing hub, and to pursue self-sufficiency in the semiconductor sector. As a result, the government of India has launched the India Semiconductor Mission (ISM), which is aimed at building a vibrant semiconductor and display ecosystem in order to make India a hub for electronic manufacturing and design. The ISM encourages setting up semiconductor fabs in India and provides fiscal support to a maximum of 50 percent of project costs for approved applicants.