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India Semiconductor Mission 2.0
May 16 , 2026
15 hrs 0 min
22
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- The Union Budget 2026–27 announced India Semiconductor Mission (ISM) 2.0 to strengthen India’s semiconductor ecosystem.
- ISM 2.0 aims to make India a major player in the global semiconductor value chain under the Aatmanirbhar Bharat and Make in India initiatives.
- A budget allocation of ₹1,000 crore has been made for the Financial Year 2026–27.
- The mission focuses on indigenous manufacturing of semiconductor equipment, chemicals, gases, and materials to reduce import dependence.
- Under ISM 1.0, approved in 2021, ten semiconductor projects worth ₹1.60 lakh crore have been approved across six states.
- India’s semiconductor market is expected to grow from $45–50 billion in 2024–25 to $100–110 billion by 2030.
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