FM Sitharaman Unveils Rs 40,000-Cr Semiconductor Push, Rare Earth Corridors in 4 States
India
N
News18•01-02-2026, 12:25
FM Sitharaman Unveils Rs 40,000-Cr Semiconductor Push, Rare Earth Corridors in 4 States
- •Finance Minister Nirmala Sitharaman announced a Rs 40,000-crore allocation for the 'India Semiconductor Mission 2.0' in the Budget.
- •ISM 2.0 aims to boost domestic semiconductor production, design, IP development, and strengthen supply chains.
- •Rare earth corridors will be established in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to promote mining, processing, research, and manufacturing of rare earths.
- •A new scheme will support states in creating three dedicated chemical parks to enhance domestic chemical production and reduce import dependency.
- •FM Sitharaman presented her ninth consecutive Budget, focusing on growth, fiscal discipline, and economic reforms.
Why It Matters: FM Sitharaman's Budget 2026 prioritizes self-reliance with major investments in semiconductors and rare earth minerals.
✦
More like this
Loading more articles...
