Union Budget 2026: FM Sitharam launches 'India Semiconductor Mission 2.0'—all you need to know

Finance Minister Nirmala Sitharaman unveiled "India Semiconductor Mission 2.0" with a Rs 40,000 crore outlay to boost chip production, design, and workforce development. Additionally, a Rs 10,000 crore "Shakti" initiative aims to build the semiconductor ecosystem. The budget also prioritizes pharmaceutical advancements with new NIPERs and clinical trial networks, alongside support for rare earth manufacturing corridors.

Feb 1, 2026 2

Union Budget 2026: FM Sitharam launches 'India Semiconductor Mission 2.0'—all you need to know
Finance Minister Nirmala Sitharaman unveiled "India Semiconductor Mission 2.0" with a Rs 40,000 crore outlay to boost chip production, design, and workforce development. Additionally, a Rs 10,000 crore "Shakti" initiative aims to build the semiconductor ecosystem. The budget also prioritizes pharmaceutical advancements with new NIPERs and clinical trial networks, alongside support for rare earth manufacturing corridors.
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