Rs 1.9-trillion chip, mobile push gets cabinet approval to boost manufacturing

The Union cabinet on Wednesday approved two major manufacturing initiatives with a combined outlay of nearly ₹1.9 lakh crore (trillion) to expand India’s semiconductor ecosystem, scale up mobile phone production and strengthen its position as a global electronics manufacturing hub.

The government approved the ₹1.27-lakh-crore ($14.6 billion) Semicon 2.0 programme to accelerate semiconductor design and manufacturing capabilities, alongside the ₹62,500-crore mobile phone manufacturing Scheme (MPMS) aimed at increasing domestic production, boosting exports and deepening local value addition in the mobile phone industry.