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Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0
The government expects the new scheme to attract investments of around ₹4 lakh crore and lead to semiconductor production worth ₹2 lakh crore during the scheme period
Context
The approved the second iteration of the (ISM 2.0) with an enhanced outlay of ₹1.27 lakh crore. This policy expansion aims to catalyze investments of ₹4 lakh crore and domestic production worth ₹2 lakh crore by incentivizing the entire semiconductor value chain, from design to raw materials, advancing India's strategic push for technological self-reliance.
Exam Perspectives
Key References
AI-generated study notes · sourced from The Hindu