To sustain India’s semiconductor manufacturing push, Union Finance Minister Nirmala Sitharaman has announced the India Semiconductor Mission (ISM) 2.0 to produce equipment and materials, design full-stack Indian IP and fortify supply chains. “India Semiconductor Mission (ISM) 1.0 expanded India’s semiconductor sector capabilities. Building on this, we will launch ISM 2.0 to produce equipment and materials, design fullstack Indian IP, and fortify supply chains. Story continues below this ad“The Finance Minister’s statement on ISM 2.0 is a very important signal for India’s semiconductor ambitions. Before these, the government has managed to attract six chip plants under its Rs 76,000-crore India Semiconductor Mission.

Source: Indian Express February 01, 2026 18:37 UTC