Budget 2026: Govt to launch India Semiconductor Mission 2.0, ECMS outlay raised to Rs 40,000 crore

February 1, 2026

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Synopsis

Sitharaman, addressing the Lok Sabha for her ninth Budget presentation, said ISM 2.0 will prioritise the production of equipment and materials, alongside a push to design Indian intellectual property (IP) and fortify supply chains.

ETtech

In a significant push for India’s chip industry, Finance Minister Nirmala Sitharaman announced the launch of India Semiconductor Mission (ISM) 2.0. Moving beyond the initial focus on establishing fabrication units, the mission will target deeper layers of the chip ecosystem.

Sitharaman, addressing the Lok…

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