India to Become Semiconductor Hub: Mission 2.0 Launched with ₹40,000 Crore Investment

• Finance Minister Nirmala Sitharaman announced India Semiconductor Mission (ISM) 2.0 in the budget to strengthen India's position in the global semiconductor and electronics value chain.
• The budget for the Electronics Components Manufacturing Scheme (ECMS) has been increased to ₹40,000 crore, building on the success of ISM 1.0.
• ISM 2.0 aims to create a comprehensive ecosystem, moving beyond assembly and testing to include equipment, materials, design, and full-stack Indian intellectual property.
• The increased investment is expected to boost value addition in the electronics sector, reduce import dependence, and strengthen Indian manufacturers globally.
• Industry leaders have welcomed the move, emphasizing the government's commitment to building a robust local supply chain and creating jobs.

Why It Matters: India launches ISM 2.0 with ₹40,000 crore investment to become a global semiconductor and electronics hub.