New Delhi, Feb. 3 -- The Indian government is strategically positioning itself as a global leader in chip and electronics manufacturing through a significant expansion initiative.

In the interim budget for FY25, a remarkable 71.4 per cent surge in allocation for both sectors was unveiled, totalling Rs 13,104.50 crore.

Furthermore, cyber security projects witnessed a substantial boost, with allocation rising to Rs 759 crore from Rs 400 crore in the previous budget.

Additionally, a substantial increase of 133 per cent in allocation for compound and chip assembly was earmarked, reaching Rs 4,203 crore.

Under the Ministry of Electronics and Information Technology (MeitY), the overall allocation for central sector schemes and projects, inc...