India approves Rs 1.25 lakh croreapproves Rs 1.25 lakh crore for semiconductor mission expansion
India’s finance ministry panel has cleared Rs 1.25 lakh crore for the next phase of the India Semiconductor Mission, with Cabinet approval expected next, according to reports on June 30 and July 1.
The package comes as the government seeks to expand chip manufacturing capacity, build skilled engineers, and reduce reliance on foreign suppliers, making the plan significant for industrial policy and technology security.
- Semiconductor supply chains are concentrated in a few countries, which makes them vulnerable to trade shocks and export controls.
- Chip fabrication plants often need ultra-clean rooms, steady power, and vast water supplies to operate reliably.
- India’s chip push also aims to grow design talent, not just factory output.
