Summary
The Union Cabinet has approved the second phase of the India Semiconductor Mission (ISM 2.0) with an outlay of Rs 1.27 lakh crore, aiming to attract Rs 4 lakh crore in investments and generate Rs 2 lakh crore in semiconductor production. This revamped program seeks to strengthen India's semiconductor design and manufacturing ecosystem, extending incentives to critical raw material suppliers and focusing on indigenous chip development.
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