India’s ISM 2.0 Unveiled: Rs 1.27 Lakh Crore for Chip Manufacturing Over Six Years
The Union Cabinet recently approved the second iteration of India’s Semiconductor Mission (ISM 2.0) with an outlay of Rs 1.27 lakh crore, focusing on subsidizing chip manufacturing supply chains and offering incentives for research and talent development over six years. Compared to ISM 1.0, government subsidies have been reduced but widened in scope to include equipment, materials, and design tools. This move aims to strengthen India’s role in the global semiconductor ecosystem by achieving domestic chip production capability for nearly 70-75% of applications by 2029.
15 JUL 2026
— The Hindu
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday (July
— Indian Express
The Union Cabinet on Wednesday approved India’s second iteration of the Semiconductor
29 JUL 2026
· THIS STORY — Indian Express
The Union Cabinet approved the second iteration of India's Semiconductor Mission (ISM 2.0), with a focus on subsidizing chip manufacturing supply chains and talent development.
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