In Talks With Finance Ministry For Semicon 2.0: MeitY Secretary S Krishnan

S. Krishnan, secretary of the Ministry of Electronics and Information Technology, informed in a press briefing that MeitY has begun discussion with the Finance Ministry for Semicon 2.0, the next phase of India's Semiconductor Programme.

He announced that 10 projects have been cleared under India's Semiconductor Mission, and the country is set to welcome its first made-in-India chip this year.

The first phase of the programme has a total of Rs 75,000 crore outlay "almost fully committed to projects under Semicon 1.0", wherein Rs 64,000 crore have been allocated for chip fabs, Rs 10,000 crore for Semiconductor Lab, Mohali and Rs 1,000 crore for Design-Linked Incentive scheme.

He added that the leftover funds from ISM 1.0 might accommodate two to three small projects.

The secretary also spoke of US tariff impact on the electronics sector and said that he is seeing a zero-tariff regime as far as electronics are concerned so far; but is awaiting more clarity on the same. Largely, those invested in India do not expect much impact.