Semicon 2.0

Timeline

1. 17 Sep2026
   Science and tech

   Modi inaugurates SEMICON India 2026; Semicon 2.0 (Rs 1,27,500 crore) approved in July¹²³

   PM Modi inaugurated SEMICON India 2026 at Yashobhoomi on 17 September, saying India's chip journey had moved to commercial production. The Cabinet had approved Semicon 2.0, with an outlay of Rs 1,27,500 crore, in mid-July.

   • Cabinet approved Semicon 2.0 on about 16 July 2026 with an outlay of Rs 1,27,500 crore
   • Six pillars: design, equipment and materials, fabs, ATMP/OSAT, R&D and talent
   • Modi inaugurated SEMICON India 2026 on 17 September
2. 15 Jul2026
   Schemes

   Union Cabinet approves Semicon 2.0 with Rs 1,27,500 crore outlay⁴⁵⁶

   The Union Cabinet approved Semicon 2.0 on 15 July 2026 with an outlay of Rs 1,27,500 crore, structured around six pillars (including chip design, equipment and materials, fabs, advanced packaging, R&D and talent). Silicon wafer fabs get fiscal support of 40% of eligible capital expenditure. The first phase of the Semicon India Programme (outlay Rs 76,000 crore) was approved in December 2021; Semicon 2.0 was formally notified on 31 August 2026.

   • The Union Cabinet approved Semicon 2.0 on 15 July 2026 with an outlay of Rs 1,27,500 crore, structured around six pillars (including chip design, equipment and materials, fabs, advanced packaging, R&D and talent)
   • Silicon wafer fabs get fiscal support of 40% of eligible capital expenditure
   • The first phase of the Semicon India Programme (outlay Rs 76,000 crore) was approved in December 2021; Semicon 2.0 was formally notified on 31 August 2026

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Sources

1. Outlook Business
2. UNI
3. Upstox
4. Press Information Bureau
5. Deccan Herald
6. Business Standard