Cabinet approves ₹1.27 trillion for Semiconductor Mission 2.0: Here's what's new
The Indian Cabinet approved ₹1.27 trillion for Semiconductor Mission 2.0, aimed at enhancing domestic chip production and attracting investment in raw materials for manufacturing. Minister Ashwini Vaishnaw stated the program will ensure self-reliance in indigenous chip production by its conclusion, addressing global chip shortages. This initiative is part of a broader approval of projects totaling ₹2.19 trillion, including significant investments in mobile phone manufacturing and infrastructure improvements.