New Delhi
The government is preparing to roll out an expanded version of the India Semiconductor Mission ‘ISM 2.0’ likely by May, with a proposed outlay ranging between Rs 1 lakh crore and Rs 1.2 lakh crore. According to the NDTV Profit report, inter-ministerial consultations are currently underway, while the Ministry of Electronics and Information Technology (MeitY) is awaiting final approval from the Finance Ministry. The proposed allocation is significantly higher than the Rs 76,000 crore earmarked for the first phase of the semiconductor mission, said the report, citing sources. Under ISM 2.0, the government aims to widen the scope of the programme beyond chip fabrication and design to include support for semiconductor equipment, raw materials and other critical inputs.