Semicon 2.0: ₹1.27 Lakh Crore Boost for India’s Chip Mission
Why in the news
India’s semiconductor drive moved into a new phase after Cabinet committee approval.
Key facts
- Scheme: Semicon 2.0, successor to ISM’s first phase.
- Outlay: ₹1.27 lakh crore.
- Goal: a full domestic chip ecosystem, with self-reliance and fewer imported chips.
- Incentives: now reach suppliers of raw materials and gases.
Six pillars
Design, development, manufacturing, raw materials, specialty gases and minerals, and the wider supply chain.
Background
| Phase | Outlay | Results |
|---|---|---|
| Semicon 1.0 (2021) | ₹76,000 crore | 12 projects; ₹1.64 lakh crore investment attracted |
| Semicon 2.0 | ₹1.27 lakh crore | Newly approved |
Exam angle
- Approving body: CCEA.
- Supports AI, electronics and strategic industries.
- Outlay rose from ₹76,000 crore to ₹1.27 lakh crore.