Government of India Plans ₹1 Lakh Crore India Semiconductor Mission 2.0 to Boost Chip Ecosystem

The central government has planned the launch of India Semiconductor Mission 2.0 in order to boost the semiconductor industry in India. As per this phase, there would be investments made between ₹1 lakh crore and ₹1.2 lakh crore. It would go live in May.

There are ongoing consultations amongst people working at various ministries over the proposal. The Ministry of Electronics & Information Technology is seeking the final approval of the Ministry of Finance for its implementation. The size of this proposal is much bigger compared to the previous one, which had allocated ₹76,000 crore. This mission will also involve more than just chip manufacturing and designing.

Additionally, emphasis will be placed on developing intellectual property capabilities in the country and strengthening the supply chain. This initiative is being taken amid global supply constraints and growing geopolitical uncertainties, aiming to enable India to become self-reliant in this sector. Gas suppliers, specialty chemical companies, micro, small, and medium enterprises, and other supporting units will play a significant role in the new scheme. This is expected to strengthen the entire industrial infrastructure.