A foundation course for desi musks: Govt boosts Budget for electronics and AI

The ministry of electronics and information technology (MeitY) has got a 48% boost in the budget to over Rs 26,000 crore, much of which will be ploughed into the IndiaAI Mission and expanded production-linked incentive (PLI) schemes for semiconductors, large-scale electronics and IT hardware. The estimate for the “modified scheme for setting up of compound semiconductors/silicon photonics/sensors fab/discrete semiconductors fab and semiconductor assembly, testing, marking and packaging (ATMP)/outsourced semiconductor assembly and test (OSAT) facilities in India” was increased from Rs 2,500 crore in the revised estimate for FY25 to Rs 3,900 crore in FY26.