Finance ministry panel clears Rs 1.25 lakh crore for India Semiconductor Mission 2.0; Cabinet nod next

India’s push for domestic chip manufacturing has received a significant boost with the Expenditure Finance Committee clearing a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0. This ambitious plan, awaiting Union Cabinet approval, aims to bolster indigenous chip design, production, and the entire value chain, a substantial increase from the previous phase.