Govt allocates ₹1.2 lakh crore for India Semiconductor Mission 2.0

The Finance Ministry has cleared an allocation of ₹1.2 lakh crore for the India Semiconductor Mission 2.0. The proposal will now be taken to the Union Cabinet and is expected to be approved by mid-April, Moneycontrol reported. The second phase was announced in the Union Budget 2026-27 to focus on research and development, chip design and innovation.