India Clears Rs 1.25 Lakh Crore for Semiconductor Mission 2.0
Analysis based on 27 articles · First reported Jun 30, 2026 · Last updated Jun 30, 2026
The approval of Rs 1.25 lakh crore for India Semiconductor Mission 2.0 is expected to significantly boost India's domestic semiconductor manufacturing capabilities, reducing its dependence on imported chips. This initiative will attract further investments from global leaders like Applied Materials, Lam Research, Merck Group, and Linde plc, strengthening the entire semiconductor value chain and positioning India as a key player in the global electronics manufacturing hub.
The India — Ministry of Finance (India)'s Expenditure Finance Committee has cleared a substantial outlay of Rs 1.25 lakh crore for the India Semiconductor Mission 2.0, marking a significant increase from the previous Rs 76,000 crore allocated under ISM 1.0. This proposal, awaiting final approval from the India — Union Council of Ministers, aims to bolster India's chip manufacturing ambitions, strengthen the entire semiconductor value chain, and reduce import dependence by meeting up to 75% of domestic chip demand by 2030. The mission focuses on semiconductor equipment, materials, indigenous intellectual property, and resilient supply chains. Under the broader India Semiconductor Mission, 12 manufacturing projects have been approved, with some already commencing commercial production, and 24 design projects are being supported. Global companies such as Applied Materials, Lam Research, Merck Group, and Linde plc are investing in supporting factories and supply chains in India.
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