New Delhi, March 13 -- India is set to announce a Rs.1 lakh crore fund to accelerate its domestic chipmaking industry, a move aimed at both making the country an indispensable part of the global electronics supply chain and building self-reliance. HT learns that the IT ministry has sought in excess of Rs.1 lakh crore for the second phase of the India Semiconductor Mission, or ISM 2.0. People familiar with the matter said that an announcement on ISM 2.0 could come by end-April. The first phase of the mission was a Rs.76,000 crore incentive scheme that attracted investments of about Rs.1.6 lakh crore. Under this, till December last year, 10 projects were approved, with four expected to begin chip production this year, across six states under ...