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.

Nabka Insight

Semiconductor self-reliance is a flagship policy area with fresh Cabinet funding.