Prime Highlights
- The Government of India is set to launch India Semiconductor Mission 2.0 to provide long-term policy stability and support for the domestic semiconductor industry.
- The initiative builds on the success of the first phase and aims to strengthen electronics, semiconductors, and digital infrastructure over the next five to six years.
Key Facts
- Budgetary support for electronic component manufacturing has nearly doubled to Rs 40,000 crore, positioning India as a potential global data center hub.
- The upcoming India AI Summit has already attracted over 70,000 registrations, indicating strong domestic and international interest in India’s technology ecosystem.
Background
The Government of India is preparing to launch the India Semiconductor Mission 2.0 to ensure long-term policy stability and sustained growth for the domestic semiconductor industry, said S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY).
Speaking to the media, Krishnan said the second phase of the mission comes at a crucial time and will build on the progress made under India Semiconductor Mission 1.0. He added that the new phase is expected to support the sector for another five to six years. According to him, the Prime Minister has already shown strong support for the semiconductor ecosystem, creating a stable and predictable policy environment.
Krishnan called the current fiscal roadmap a “tech budget” and said it includes several steps to strengthen India’s technology sector. He said these measures will add to the momentum already seen in electronics, semiconductors, and digital infrastructure.
He pointed out that budgetary support for electronic component manufacturing has almost doubled to Rs 40,000 crore. This increase, he said, positions India to emerge as a global data center hub. The government has also explained how foreign companies will be taxed when they use Indian data centers to store and process data for international operations.
Krishnan stressed that internet governance needs a multi-stakeholder approach. He said global forums are discussing how to manage the internet fairly, especially since India has nearly 100 crore internet users.
Krishnan also gave updates on the upcoming India AI Summit, which has already attracted over 70,000 registrations. He expects participation to cross one lakh, reflecting strong global interest. He concluded by saying ongoing policy support and investments are making it easier for global technology firms and electronics manufacturers to set up operations in India.
