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India Semiconductor Mission 2.0: Cabinet Approves ₹1.28 Lakh Crore Outlay to Build Complete Domestic Chip Ecosystem

Diagram illustrating India Semiconductor Mission 2.0 pillars including silicon fab, packaging, equipment, and chip design.

Mumbai. Wednesday, 22 July 2026 In a landmark move toward technological sovereignty and global supply chain leadership, the Government of India has officially entered the execution phase of India Semiconductor Mission (ISM) 2.0. Backed by a Union Cabinet approval of a fresh outlay totaling approximately ₹1.28 lakh crore ($13.25 billion), …

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