India Gets ₹1 Lakh Cr Investment Commitments Under Semicon 2.0: Vaishnaw
Under the recently approved Semicon 2.0 mission, the Central government is seeing investment commitments worth approximately ₹1 Lakh Cr ($11-12…
India's Union Minister Ashwini Vaishnaw announced that the newly approved Semicon 2.0 mission has garnered investment commitments of approximately ₹1 Lakh Cr ($11-12 Bn) from global players. These investments are expected to be deployed over the next 2-3 years as India expands its domestic electronics value chain. The minister spoke during Semicon India 2026, where he highlighted the government's goal to support at least 200 startups and companies under Semicon 2.0.
Applied Materials, a US-based semiconductor company, committed $5 Bn (about ₹48,000 Cr) to the mission. Under the initial phase of Semicon 1.0, over 105 startups attempted chip design, with about 20 securing venture capital funding worth approximately ₹800 Cr. Semicon 1.0, approved in December 2021, aimed to lay the groundwork for the industry, while Semicon 2.0, with a total outlay of ₹1.28 Lakh Cr, focuses on building the ecosystem for growth.
The mission provides funding and incentives for eligible semiconductor startups, MSMEs, and firms backed by venture capital or private equity investors. The roadmap for Semicon 2.0 is based on six core pillars, including the development of chip design, equipment, new fabs, advanced packaging, applied research and development, and large-scale talent creation.
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