The Union Budget 2026-27 marked a decisive moment for India’s technology ambitions with the announcement of India Semiconductor Mission 2.0.The new phase signals a clear policy push to deepen domestic semiconductor capabilities, as chips underpin every critical digital and industrial system. ISM 2.0 will focus on producing semiconductor equipment and materials in India, designing full-stack Indian semiconductor intellectual property, and fortifying both domestic and global supply chains.A provision of Rs. 1,000 crore has been made for ISM 2.0 for FY 2026-27, with a strong emphasis on industry-led research and training centres to drive technology development and create a future-ready skilled workforce.

The Union Budget 2026-27 has allocated Rs 1,000 crore for India Semiconductor Mission 2.0, marking a decisive push to deepen domestic chip capabilities. This next phase will focus on producing semiconductor equipment and materials, designing Indian intellectual property, and fortifying supply chains. India’s semiconductor market is projected to reach $100-110 billion by 2030, building on the foundation of ISM 1.0 and its Rs 76,000 crore incentive framework. By 2035, the nation aims to be among the top global semiconductor powers, targeting advanced 3-nanometre and 2-nanometre manufacturing nodes.

Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim met in Kuala Lumpur to solidify a Comprehensive Strategic Partnership that moves beyond traditional trade into the high-stakes worlds of silicon and security.Both nations focused on energy, semiconductors, and defence, including collaboration on solar energy, green hydrogen, and clean tech; strengthening value chains, innovation, and workforce development; regular exercises; defence industry collaboration; and counter-terrorism efforts.

The state, long associated with mining and metals, is seeking to reposition itself as a low-cost, fiscally stable destination for electronics manufacturing, data centres and global capability centres (GCCs), senior officials said at GFTN’s Black Swan Summit.We are a power-surplus state and we have the cheapest power tariff in the country,” Vishal Kumar Dev, Additional Chief Secretary, Electronics and IT, Government of Odisha, told BW Businessworld in an interview on the sidelines of the summit.