The Hindu·4 min read·medium
Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0, for mobile manufacturing, new highways
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Santosh V Perumal _12549
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The Indian Cabinet has approved ₹1.27 lakh crore for the second phase of the India Semiconductor Mission to boost domestic chip manufacturing. The initiative aims to achieve self-reliance in chip design and production while addressing global supply shortages.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has cleared several projects, including ₹1.27 lakh crore for the second edition of India Semiconductor Mission and ₹62,500 crore for the mobile phone manufacturing scheme (MPMS) as part of efforts to localise manufacturing amid raging West Asian crisis.
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