India’s Union Cabinet approves a new semiconductor programme, Semicon Mission 2.0, with an outlay of ₹1.27 lakh crore, according to multiple reports. The scheme expands the scope of support beyond chip manufacturers to include incentives for parts of the supply chain, such as suppliers of raw materials used in semiconductor manufacturing, including minerals and gases.
The government expects the programme to draw approximately ₹4 lakh crore in total investments during the period of the mission. It also projects that semiconductor production worth about ₹2 lakh crore will be achieved over the same timeframe. The approval reflects an effort to strengthen domestic capability across the industry value chain, from upstream inputs to final production.
Both sources describe the approval and the programme’s focus on broader coverage of the semiconductor ecosystem, alongside investment and production targets set by the government as expected outcomes of the mission.
