The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved India Semiconductor Mission (ISM) 2.0 with an outlay of ₹1.28 lakh crore (US$ 13.25 billion) to strengthen India’s semiconductor design, manufacturing, research and talent ecosystem. The Cabinet also approved the Mobile Phone Manufacturing Scheme (MPMS) with an allocation of ₹62,500 crore.

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• The Union Cabinet has approved India Semiconductor Mission (ISM) 2.0.
• The mission has a budgetary outlay of ₹1.28 lakh crore (US$ 13.25 billion).
• The Cabinet also approved the Mobile Phone Manufacturing Scheme (MPMS).
• The MPMS has an allocation of ₹62,500 crore (US$ 6.49 billion).
• The total value of the approved package is ₹2.19 lakh crore (US$ 22.76 billion).
• ISM 2.0 aims to strengthen India’s semiconductor design and manufacturing ecosystem.
• The mission is based on six key pillars.
• The six pillars include chip design, semiconductor equipment and materials, fabrication units, ATMP & OSAT, research & development, and talent development.
• Under Semicon 1.0, the government approved 12 semiconductor manufacturing projects.
• These projects attracted investments of over ₹1.64 lakh crore (US$ 17.07 billion).
• More than 105 startups and MSMEs have received support through Electronic Design Automation (EDA) tools.
• Around 315 universities have participated in semiconductor education initiatives.
• Nearly 68,000 students have been trained in semiconductor design.
• The mission aims to position India as a global semiconductor manufacturing and innovation hub.