Finance Minister Nirmala Sitharaman disclosed a Rs 40,000 crore allocation for semiconductors during the presentation of the Union Budget 2026 today. The ‘India Semiconductor Mission 2.0’ was announced by the Finance Minister in order to leverage the momentum of the semiconductor mission. Sitharaman stated that the primary concentration will be on semiconductor research and training centers that are industry-led. According to the Finance Minister, the semiconductor mission 2.0 will concentrate on the development of apparatus and materials that are specifically designed for full-stack Indian intellectual property.India on Track Against Semiconductor Manufacturing RaceEarlier this month, Ashwini Vaishnaw, the Union Minister of Electronics and Information Technology, stated that India is on course to commence commercial semiconductor chip production in 2026. The nation is adhering to the timeline established by the initial India Semiconductor Mission, which was initiated in January 2022. Four plants are anticipated to initiate operations this year, according to the minister.The initial commercial production will commence in 2026. Three facilities have initiated pilot production in 2025. In her speech, Sitharaman stated that the government has prioritised reforms over rhetoric for the Union Budget 2026. She further stated that India will persist in its efforts to become a Viksit Bharat. Sitharaman’s… Read MoreStartupTalky- Business News, Insights and Stories
