New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharam presented the Union Budget 2026 on Sunday. Through the budget, the Union Minister announced the launch of India Semiconductor Mission (ISM) 2.0, with a Rs 40,000 crore outlay, aiming to boost the country's semiconductor ecosystem. This initiative focuses on producing equipment and materials, designing full-stack Indian intellectual property, and strengthening supply chains.

Welcoming the budget, India Cellular and Electronics Association (ICEA) said in a statement that, "the sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) reaffirm the government's ...