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.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.