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Govt Allocates INR 40,000 Crore for Semiconductor PushUnion Budget 2026 allocates ₹40,000 crore to India Semiconductor Mission 2.0, focusing on chip manufacturing, R&D, training, and full-stack IP development.

StartupTalky

StartupTalky · 2d ago

Govt Allocates INR 40,000 Crore for Semiconductor PushUnion Budget 2026 allocates ₹40,000 crore to India Semiconductor Mission 2.0, focusing on chip manufacturing, R&D, training, and full-stack IP development.

In the Union Budget 2026, Finance Minister Nirmala Sitharaman allocated INR 40,000 crore for the India Semiconductor Mission 2.0, focusing on industry-led research, training centers, and full-stack Indian intellectual property development. The initiative aligns with India's timeline to commence commercial semiconductor production by 2026, a step forward from the initial mission launched in 2022. The budget also emphasizes reforms for the IT sector, highlighting AI and technological leadership, supporting deep-tech enterprises, and enhancing the fintech ecosystem.

Related News

Budget 2026: FM Sitharaman announces India Semiconductor Mission 2.0, increases outlay to Rs 40,000 crore

Economic Times

Economic Times · 3d ago

Budget 2026: FM Sitharaman announces India Semiconductor Mission 2.0, increases outlay to Rs 40,000 crore

Finance Minister Nirmala Sitharaman announced India’s Semiconductor Mission 2.0 as part of the Union Budget 2026, expanding on the gains from the initial mission. The new initiative will focus on producing equipment, developing full-stack Indian IP, and strengthening supply chains with a proposed outlay of Rs 40,000 crore. Additionally, the Electronics Components Manufacturing Scheme, launched in April 2025 with an outlay of Rs 22,999 crore, has already surpassed investment targets.

Budget 2026: Govt to launch India Semiconductor Mission 2.0, ECMS outlay raised to Rs 40,000 crore - The Economic Times

Economic Times

Economic Times · 3d ago

Budget 2026: Govt to launch India Semiconductor Mission 2.0, ECMS outlay raised to Rs 40,000 crore - The Economic Times

Finance Minister Nirmala Sitharaman announced the India Semiconductor Mission 2.0, enhancing the electronic component manufacturing scheme (ECMS) budget to Rs.40,000 crores in 2026 from Rs.22,919 crores. The initiative has attracted 249 applications with investments exceeding Rs.1,15,351 crore to bolster production worth Rs.10,34,700 crores over six years, creating 51,000 jobs. The mission aims to fortify the semiconductor sector with projects across states, involving investments of Rs.1.6 lakh crore.

Semicon firms caution govt against rigid DLI framework - The Economic Times

Economic Times

Economic Times · 8d ago

Semicon firms caution govt against rigid DLI framework - The Economic Times

Semiconductor startups have expressed concerns about the government's proposed new design-linked incentive (DLI) 2.0 framework, which aims to offer equity- and debt-linked support. Although the industry welcomes increased support, startups highlight potential issues, such as venture capital compatibility, funding structure, and continuity for firms transitioning from DLI 1.0. They suggest maintaining grant-based models for early R&D, cautioning that rigid rules and delays may deter international investors and hamper the growth of India's semiconductor ecosystem.

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

Inc42 · 1y ago

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

The Indian government is considering the establishment of a dedicated research and development (R&D) centre for semiconductors. The proposed India Semiconductor Research Centre (ISRC) aims to focus on semiconductor research that can quickly be put into industrial production. The R&D centre would operate separately from other research activities and could potentially evolve into an independent entity. The detailed plans for the initiative are expected to be revealed after June's general elections. The semiconductor industry in India is experiencing significant growth and is projected to reach a market value of $55 billion by 2026.

Budget 2026: Boost for chips, components plan - The Economic Times

Economic Times

Economic Times · 2d ago

Budget 2026: Boost for chips, components plan - The Economic Times

The article discusses India's launch of the India Semiconductor Mission (ISM) 2.0 and an increase in the Electronic Component Manufacturing Scheme (ECMS) outlay to Rs 40,000 crore, aiming to boost domestic equipment production and solidify India's position in global supply chains. ISM 2.0 focuses on indigenous semiconductor ecosystem development. The move, including tax exemptions for foreign capital goods providers, is expected to attract significant investments, generate quality employment, and enhance India's electronics manufacturing competitiveness.

Govt to fast-track next round of India Semiconductor Mission - The Economic Times

Economic Times

Economic Times · 4m ago

Govt to fast-track next round of India Semiconductor Mission - The Economic Times

The Indian government is preparing to launch India Semiconductor Mission 2.0, aiming to broaden support across the semiconductor industry, with a cabinet note due by October-end. The mission seeks a $20 billion budget to expand incentives for semiconductors, covering fabrication, packaging, design, and MSMEs. The initiative follows industry feedback and the near-depletion of funds from ISM 1.0. New incentives will vary, supporting various semiconductor sectors to boost local supply chains and global competitiveness.

KLA expands India presence with Rs 300 crore R&D and innovation hub - The Economic Times

Economic Times

Economic Times · 28d ago

KLA expands India presence with Rs 300 crore R&D and innovation hub - The Economic Times

KLA Corporation has launched a new Rs 300-crore R&D and innovation hub in Chennai. The 311,000-square-foot facility, supporting up to 1,300 employees, enhances KLA's regional AI and software development capabilities. This expansion signifies KLA's commitment to India's semiconductor ecosystem, focusing on talent and R&D collaboration. Amitesh Kumar Sinha from India Semiconductor Mission highlighted the investment's role in bolstering industry-government collaboration to position India as a global semiconductor partner.

Centre eyes dedicated R&D wing under semicon research centre

Economic Times

Economic Times · 1y ago

Centre eyes dedicated R&D wing under semicon research centre

The Indian government plans to establish a dedicated research and development (R&D) wing under the India Semiconductor Research Centre (ISRC), with a focus on semiconductor research for industrial production. This initiative aims to foster an intellectual property-driven manufacturing ecosystem and involve both the private and public sectors in semiconductor R&D. The ISRC will concentrate on developing next-generation semiconductors, packaging, systems technologies, processes, and materials. Further details of the scheme will be announced after the general elections in June, and the dedicated R&D center might eventually become an independent entity.

Govt should give a strong push for private sector investment in R&D in the Budget: Zoho cofounder Sridhar Vembu - The Economic Times

Economic Times

Economic Times · 11d ago

Govt should give a strong push for private sector investment in R&D in the Budget: Zoho cofounder Sridhar Vembu - The Economic Times

Zoho co-founder Sridhar Vembu urges the Indian government to motivate private companies to boost R&D investment through incentives and accountability in the upcoming Budget. He highlights the need for increased R&D spending from the current 0.6%-0.7% of GDP to 4%-6% and advocates for retaining intellectual property and profits within India. Vembu emphasizes building deep-tech capabilities and announces Zoho's ERP launch, promoting local talent and expansion across India.

Govt launches Digital India Future Labs for R&D in automotive, compute, other areas

Economic Times

Economic Times · 2y ago

Govt launches Digital India Future Labs for R&D in automotive, compute, other areas

The Indian government has launched Digital India Future Labs, an initiative aimed at strengthening research and development (R&D) and innovation in areas such as automotive, computing, communication, strategic electronics, industrial electronics, and the Internet of Things (IoT). The labs will serve as a platform for partnerships and strategic direction, with funding coming from the Ministry of Electronics and Information Technology's R&D budget, as well as other sources. The Centre for Development of Advanced Computing (C-DAC) will oversee the development of the plan and guidelines for startups and private sector companies.

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