New Delhi, India – A crucial Finance Ministry panel has given its nod to a significant outlay of ₹1.25 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0). This strategic financial backing is poised to accelerate India’s ambition to become a global hub for semiconductor manufacturing.
The initiative, ISM 2.0, aims to foster comprehensive growth across the semiconductor value chain. Key focus areas include the development and production of essential equipment, sourcing of critical materials, nurturing indigenous chip design capabilities, and cultivating a skilled talent pool. This multi-pronged approach is designed to create a robust and self-reliant semiconductor ecosystem within India.
The substantial financial commitment underscores the government’s commitment to positioning India as a key player in the global semiconductor landscape. By investing in critical infrastructure and technological advancement, India seeks to attract both domestic and international investment, thereby driving innovation and economic growth in this vital sector.
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