India Semiconductor Mission 2.0, announced in Budget 2026–27 with an allocation of ₹1,000 crore, aims to strengthen domestic semiconductor manufacturing, develop indigenous equipment and materials, promote full-stack chip design, and build a skilled workforce. Building on the progress of earlier initiatives, the mission focuses on advanced manufacturing, supply chain resilience, and industry-led innovation. With a rapidly growing domestic market expected to reach $100–110 billion by 2030, ISM 2.0 seeks to reduce import dependence, meet 70–75% of India’s chip demand by 2029, and position the country as a trusted global semiconductor hub.
Click to View MoreIndia’s Viksit Bharat 2047 vision faces a major hurdle in its weak R&D ecosystem, with spending stuck at 0.64% of GDP and poor private participation. Despite steps like the Anusandhan National Research Foundation, closing the academia–industry gap and raising R&D investment to 2% of GDP remain essential for global innovation leadership.
Click to View MoreIndia launch first indigenous 32-bit microprocessor, Vikram 3201, marks a step toward semiconductor self-reliance. This achievement, driven by the India Semiconductor Mission, aims to reduce import dependency by promoting domestic manufacturing, design, and attracting global investment to tap into the future $1 trillion market.
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