Process for preparation of India Semiconductor Mission 2.0 already underway

With the Central Government commencing the groundwork for the India Semiconductor Mission (ISM) 2.0 following its announcement in the Union Budget, Sushil Pal, MeitY Joint Secretary, confirmed that the preparatory phase is active but noted that financial specifics are still under wraps.

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Speaking to ANI on the sidelines of the Altos AI server launch program in Delhi, Pal stated, “Honourable FM has already announced the launch of the India Semiconductor Mission 2.0 in this budget. The process for preparation of the scheme is already on. It would be premature for me to say anything on the budgetand the timeline at the moment.”

Addressing India’s longstanding reliance on imported silicon, Pal highlighted the progress made under the first phase of the mission. He noted that ISM 1.0 resulted in ten major projects, ranging from silicon chips to silicon carbide and gallium nitride.