Finance Ministry Approves ₹1.25 Lakh Cr Outlay For Semiconductor Mission 2.0

The Centre has moved a step closer towards launching the India Semiconductor Mission 2.0 (ISM 2.0) after the finance ministry’s expenditure finance committee (EFC) cleared a ₹1.25 Lakh Cr proposal for the programme. According to a PTI report, the programme will be taken to the Union cabinet for the final approval following the EFC’s nod. Notably, the outlay for ISM 2.0 is significantly higher than the ₹76,000 Cr allocated under the first phase of the India Semiconductor Mission.