Centre Notifies ₹1.28 Lakh Cr Semicon 2.0, Targets 1 Lakh More Chip Engineers

The Centre has notified the ₹1.28 Lakh Cr Semicon 2.0 scheme to accelerate the development of India’s semiconductor design and manufacturing ecosystem and strengthen domestic capabilities across the chip value chain. The notification comes more than a month after the Union Cabinet approved the second phase of the India Semiconductor Mission with an exact outlay of ₹1,27,500 Cr. Semicon 2.0 was first announced by finance minister Nirmala Sitharaman in the Union Budget for FY27.