The Finance Ministry has cleared an allocation of over ₹1 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0), sources told CNBC-TV18.
Following the approval, the government is likely to move a Cabinet note soon to seek final clearance. The proposal is expected to be placed before the Cabinet for consideration before the end of April, sources added.
ISM 2.0 will focus on strengthening India’s semiconductor ecosystem by prioritising research & development (R&D), design, and innovation. The scheme is also expected to offer…

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