Brief by Shorts91 Newsdesk / 06:25am on 01 Feb 2026,Sunday India
Finance Minister Nirmala Sitharaman announced a ₹40,000 crore allocation for the semiconductor sector in Union Budget 2026 under “Semiconductor Mission 2.0”. She said the programme will build on the earlier mission and support industry-led research and training centres. The plan focuses on developing semiconductor equipment and materials using full-stack Indian intellectual property. The government said the budget approach favours reforms and long-term capacity building. Electronics and IT Minister Ashwini Vaishnaw has earlier stated that India is on track to begin commercial chip production in 2026, with multiple plants expected to start operations. Pilot production has already begun in several units during 2025. (PC: NDTV)
