Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0
The Union Cabinet approved ₹1.27 lakh crore for the second edition of the India Semiconductor Mission, aiming to enhance the semiconductor ecosystem. IT Minister Ashwini Vaishnaw stated that the initiative is expected to attract investments of around ₹4 lakh crore and generate semiconductor production worth ₹2 lakh crore during its duration. This funding is part of India's broader strategy to boost domestic semiconductor manufacturing and reduce reliance on imports.