austriamicrosystems AG · AttributionCabinet approves ₹1.27 lakh crore for Semiconductor Mission 2.0
The Union Cabinet approved ₹1.27 lakh crore for the second edition of the India Semiconductor Mission, according to IT Minister Ashwini Vaishnaw. Unlike the first phase, Mission 2.0 will incentivise suppliers of raw materials used in chip manufacturing, widening support beyond fabrication units to strengthen the domestic semiconductor supply chain.
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A flagship self-reliance push in electronics manufacturing with a specific outlay examiners test on.
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- Outlay: ₹1.27 lakh crore (₹1.27 trillion) approved by the Union Cabinet.
- Covers the second edition of the India Semiconductor Mission (Mission 2.0).
- New focus: incentives for suppliers of raw materials in chip manufacturing.
- Announced by Union IT Minister Ashwini Vaishnaw.
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