Indian government to greenlight ISM 2.0 semiconductor plan with ₹1.25L/cr
Big news for tech in India: the government is about to greenlight ISM 2.0, the next phase of its semiconductor push, with a massive ₹1.25 lakh crore budget, far more than last time.
Over the next 12 years, this plan aims to ramp up chip manufacturing, equipment production, and skill-building right here at home.
ISM 2.0 links India to manufacturers
ISM 2.0 is set to help Indian companies become key players in global supply chains by letting them supply parts to major international manufacturers.
With new partnerships brewing with the US, Europe, and Japan, and projects like Tata Electronics's fab and Micron's assembly unit already underway, India's looking to level up its presence in everything from EVs to smart devices.
As SEMI India president Ashok Chandak said, "The design talent already exists. The next step is converting that capability into product creation while building manufacturing skills and industry-driven R&D over the next five years."