https://sputniknews.in/20260715/indian-govt-approves-133-billion-project-to-expand-semiconductor-programme-11665378.html
Indian Govt Approves $13.3 Billion Project to Expand Semiconductor Programme
Indian Govt Approves $13.3 Billion Project to Expand Semiconductor Programme
Sputnik India
India aims to establish a robust domestic chip manufacturing ecosystem to reduce its reliance on imported semiconductors, which are vital components in a wide... 15.07.2026, Sputnik India
2026-07-15T21:18+0530
2026-07-15T21:18+0530
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The Government of India on Wednesday approved $13.3 billion in additional investment for the India Semiconductor Mission (ISM) as part of its bid to make the country an electronics manufacturing global hub.Vaishnaw added that design, development and production of semiconductors will be key focus areas of the indigenous programme. The minister said that the programme will focus on design, development and production of indigenous chips.India is aiming to establish a robust domestic chip manufacturing ecosystem in order to reduce its reliance on imports of semiconductors that are vital components in a wide variety of items, including precision-guided weapons.226a is aiming to establish a robust domestic chip manufacturing ecosystem in order to reduce its reliance on imports of semiconductors that are vital components in a wide variety of items, including precision-guided weapons.226rding to a government press release, the fresh funding in the programme will help in developing intellectual property, enhance chip design capabilities, and set up new industries. India launched the first phase of ISM in December 2021 with an allocation of $7.8 billion.
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Indian Govt Approves $13.3 Billion Project to Expand Semiconductor Programme
21:18 15.07.2026 (Updated: 21:30 15.07.2026) India aims to establish a robust domestic chip manufacturing ecosystem to reduce its reliance on imported semiconductors, which are vital components in a wide range of products, including precision-guided weapons.
The Government of India on Wednesday approved $13.3 billion in additional investment for the India Semiconductor Mission (ISM) as part of its bid to make the country an electronics manufacturing global hub.
"Cabinet has approved ISM 2.0 with a total outlay of $13.3 billion," Information and Broadcasting Minister Ashwini Vaishnaw said after a meeting of the federal cabinet under the leadership of Prime Minister Narendra Modi in New Delhi.
Vaishnaw added that design, development and
production of semiconductors will be key focus areas of the indigenous programme.
The minister said that the programme will focus on design, development and production of indigenous chips.
"We will be self-reliant in the production of indigenous chips by the end of this programme," he asserted.
India is aiming to establish a robust domestic chip manufacturing ecosystem in order to reduce its reliance on imports of semiconductors that are vital components in a wide variety of items, including precision-guided weapons.226a is aiming to establish a robust domestic chip manufacturing ecosystem in order to reduce its reliance on imports of semiconductors that are vital components in a wide variety of items, including precision-guided weapons.226rding to a government press release, the fresh funding in the programme will help in developing intellectual property, enhance chip design capabilities, and set up new industries.
India launched the first phase of ISM in December 2021 with an allocation of $7.8 billion.
