3 months ago
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Finance Minister Nirmala Sitharaman connected Sunday (February 1, 2026) announced the motorboat of India Semiconductor Mission (ISM) 2.0, aiming to boost the country’s semiconductor ecosystem.
“India’s semiconductor mission, 1.0 expanded India’s semiconductor assemblage capabilities. Building connected this, we motorboat ISM 2.0 to nutrient instrumentality and materials, make full-stack Indian IP, and fortify proviso chains. We volition besides absorption connected industry-led probe and grooming centers to make exertion and a skilled workforce,” she said successful the Parliament.
Ms. Sitharaman presented her ninth Budget successful the Parliament today (February 1, 2026). This is the archetypal clip successful the past of India that the Union Budget is being presented connected a Sunday.
The caller ngo volition absorption connected industry-led probe and grooming centres to make exertion and a skilled workforce, she said.
As of August 2025, 10 semiconductor manufacturing and packaging projects person been approved successful the state with a cumulative concern of astir ₹1.6 lakh crore successful six States.
Ms. Sitharaman besides projected a strategy for instrumentality manufacturing to make globally competitory ecosystem.
“The Electronics Components Manufacturing Scheme launched successful April 2025 with an outlay of Rs 22,919 crores already has concern commitments astatine treble the targets. We suggest to summation the outlay to Rs 40,000 crore to capitalise connected this momentum,” she said.
Three dedicated chemic parks volition besides beryllium acceptable up to heighten home production, trim import dependency, she added.
The determination comes amid a monolithic thrust by the authorities connected expanding electronics manufacturing successful the country.
