Finance Ministry Approves INR 1.25 Lakh Crore for India Semiconductor Mission 2.0 Boost

New Delhi, June 30, 2026: The Finance Ministry has approved a ₹1.25 lakh crore proposal for India Semiconductor Mission (ISM) 2.0, marking a major step towards strengthening India’s position in global chip manufacturing, according to official sources.

The initiative aims to expand semiconductor manufacturing capacity in the country by setting up new fabrication and allied facilities, strengthening the electronics supply chain, and boosting domestic production of critical components.

Officials said the mission is expected to reduce India’s dependence on imported chips, while attracting greater investment from global technology companies and creating new opportunities for jobs and innovation in the sector.

The proposal is expected to enhance India’s self-reliance in key technology areas, including electronics, telecommunications, automotive systems, and defence applications.

The plan will now be placed before the Union Cabinet for final approval. Further details regarding implementation are expected to be announced after clearance.