Govt panel to clear Rs1.25 lakh crore outlay for Semiconductor Mission 2.0

Finance ministry is set to clear a budget proposal allocating Rs1.25 lakh crore for the India Semiconductor Mission (ISM) 2.0, significantly higher than the Rs76,000 crore outlay earmarked for the first phase of the programme.

According to a report citing sources, the Expenditure Finance Committee (EFC) is expected to approve the Rs1.25 lakh crore proposal, following which it will be placed before the Union Cabinet for final approval.