Union Budget 2026: FM Announces India Semiconductor Mission 2.0 with Rs 40,000 Cr Boost
News
F
Firstpost•01-02-2026, 13:59
Union Budget 2026: FM Announces India Semiconductor Mission 2.0 with Rs 40,000 Cr Boost
- •Finance Minister Nirmala Sitharaman announced India Semiconductor Mission 2.0 with a fresh allocation of Rs 40,000 crore during the Union Budget 2026-27.
- •ISM 2.0 aims to produce equipment and materials, design full stack, develop Indian IP, fortify supply chains, and focus on industry-led research and training centers.
- •The initiative, launched in 2021 by MeitY, seeks to establish an end-to-end semiconductor ecosystem in India, covering chip design, fabrication, and testing.
- •This new funding builds on the SEMICON India Programme (Rs 76,000 crore) and reaffirms India's commitment to becoming a self-reliant hub for semiconductor production.
- •Experts believe continued funding will attract major tech firms, accelerate R&D, create high-skilled jobs, and position India as a critical global semiconductor supplier.
Why It Matters: India boosts semiconductor ambitions with Rs 40,000 crore for Mission 2.0, aiming for self-reliance and global leadership.
✦
More like this
Loading more articles...
