Cabinet 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 (ISM 2.0). Announced by Union IT Minister Ashwini Vaishnaw, ISM 2.0 will — unlike the first phase — also incentivise suppliers of raw materials used in chip manufacturing, deepening the domestic semiconductor supply chain.
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Semiconductor self-reliance is a flagship policy area with fresh Cabinet funding.
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- The Union Cabinet approved ₹1.27 lakh crore for India Semiconductor Mission 2.0.
- ISM 2.0 will incentivise suppliers of raw materials for chip manufacturing.
- It was announced by Union IT Minister Ashwini Vaishnaw.
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