India's semiconductor mission 2.0: ₹1,000cr budget for local chipmaking
India just rolled out Semiconductor Mission 2.0, with Finance Minister Nirmala Sitharaman announcing ₹1,000 crore for FY 2026-27.
This next phase is all about making our own chip equipment and materials, building up Indian IP design, and setting up research centers run by industry leaders.
It builds on the first mission (which had a massive ₹76,000 crore budget) and gets four major projects ready for production.
Why semiconductors matter and what's in it for India
Chips power everything from your phone to electric cars, and India wants in on the action.
With demand for semiconductors booming (we're expected to use 10% of the world's chips), Semiconductor Mission 2.0 aims to turn India into a top global hub.
The government is doubling down: funding for electronics manufacturing has jumped to ₹40,000 crore and support for semiconductor startups and R and D is way up too: think more jobs, more innovation, and a shot at putting Indian tech on the world stage.