Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0
The Indian Union Cabinet has approved the ₹1.27 lakh crore Semicon Mission 2.0 to bolster the domestic semiconductor ecosystem. The program aims to incentivize the entire value chain, including raw material suppliers and chip design, to achieve self-reliance.
Why it matters
This initiative is a strategic move to reduce dependency on global supply chains and position India as a key player in the global semiconductor and AI hardware market.
The Union Cabinet on Wednesday (July 15, 2026) cleared ₹1.27 lakh crore for the second edition of India Semiconductor Mission, IT Minister Ashwini Vaishnaw said.
The article reports on government policy and financial allocations using neutral, factual language without editorializing.
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