Cabinet Approves Semicon India 2.0 with Outlay Over Rs 1 Lakh Crore

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   15 Jul 2026, 06:22 pmannouncement

   Union Cabinet Clears Semicon India 2.0 with Rs 1.27 Lakh Crore Outlay

   The Union Cabinet officially approved Semiconductor Mission 2.0, allocating Rs 1.27 lakh crore to accelerate the domestic semiconductor ecosystem and mobile manufacturing in India. The major financial push is designed to build robust local chip fabrication capabilities and reduce heavy reliance on foreign imports.

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