Cabinet approves Rs 1.27 lakh crore Semicon 2.0 to strengthen India’s semiconductor ecosystem

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Jul. 16, 2026 –

By ddindia.co.in

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Semicon 2.0, a comprehensive programme with a budget outlay of ₹1,27,500 crore aimed at strengthening India’s semiconductor design and manufacturing ecosystem and providing long-term policy support to the sector.

The new programme builds on the momentum generated under Semicon 1.0 and seeks to position India as a major global hub for semiconductor design, manufacturing and innovation through a holistic ecosystem-based approach.

According to the government, Semicon 2.0 has been designed around six key pillars covering chip design, manufacturing equipment and materials, fabrication facilities, semiconductor packaging, research and development, and talent development.

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