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Which Indian initiative/mission launched in 2024 focuses on enhancing semiconductor manufacturing capabilities within the country?
India Semiconductor Mission
Digital India Chip Program
Atmanirbhar Bharat Electronics
National Fab Scheme
India Semiconductor Mission
The India Semiconductor Mission (ISM) aims to establish a self-reliant electronics manufacturing ecosystem in India through significant financial outlays.
The India Semiconductor Mission (ISM) was launched as a strategic initiative to reduce the nation's heavy dependence on imported semiconductor chips. It acts as an independent business division under the Digital India Corporation to drive domestic design and manufacturing capabilities. The mission was further strengthened in 2026 with the announcement of the second phase, known as ISM 2.0, to address equipment, materials, and talent development.
The mission functions under the administrative control of the Ministry of Electronics and Information Technology (MeitY). It aligns with the constitutional directive of fostering technological advancement and self-reliance in industrial infrastructure.
Initial Semicon 1.0 outlay was set at 76,000 crore INR
Semicon 2.0 announced on 15 July 2026 with a budget of 1.275 trillion INR
Mission administered under the Digital India Corporation
Semiconductor market in India is projected to reach 63 billion USD by 2026
A is correct тАФ The India Semiconductor Mission is the designated nodal agency and initiative launched by the Government of India to catalyze the semiconductor and display manufacturing ecosystem.
Remember that the India Semiconductor Mission (ISM) operates under MeitY and was boosted by the 'Semicon 2.0' upgrade in 2026, targeting full-stack design capabilities.