Cabinet approves Semicon 2.0 with a budget of Rs 1.27 lakh crore to bolster India’s semiconductor industry

The central government on Wednesday approved the Semicon 2.0 for the development of India’s semiconductor design and manufacturing ecosystem, with a total budget outlay of Rs 1,27,500 crore.

Recognising the need for a sustained and long-term support to the semiconductor sector in India and also to build on the momentum generated under Semicon 1.0, Semicon 2.0 aims to further the government’s commitment towards putting our country on the semiconductor map of the world.