Cabinet clears Rs 1.9 lakh crore push for chips & mobiles, new schemes target deeper localisation
The Union Cabinet on Wednesday approved two flagship manufacturing programmes with a combined outlay of nearly Rs 1.9 lakh crore, marking the government’s shift from attracting electronics assembly to building a complete domestic ecosystem spanning semiconductor design, fabrication, components and mobile phone manufacturing.
The Cabinet approved the Rs 1.27 lakh crore India Semiconductor Mission (ISM) 2.0 and a Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), both of which build on the first generation of incentive programmes but significantly widen their scope to deepen domestic value addition, strengthen supply chains and position India as a global manufacturing base for critical electronics.
