Finance ministry approves ₹1.2L/cr for India's ISM 2.0
Business
Big news for tech in India: the government is set to invest ₹1.2 lakh crore into its India Semiconductor Mission (ISM) 2.0, aiming to ramp up research and chip design.
The plan just got finance ministry approval and will head to the Union Cabinet soon, marking a big step toward making India a serious player in global chip innovation.
India eyes 3nm 2nm chips
ISM 2.0 builds on earlier efforts that brought in projects from giants like Micron, Tata Group, Foxconn, and Kaynes Technology (think new factories and assembly plants in Gujarat and Sanand).
With this funding, India wants to match global standards with cutting-edge chips (3 nm and 2 nm tech) and move closer to innovation in semiconductors, which power everything from your phone to electric cars.