The Centre has approved a ₹1.9 lakh crore package to accelerate semiconductor and mobile phone manufacturing, reinforcing its focus on building a self-reliant electronics industry.
The Cabinet cleared Semicon 2.0, with an outlay of ₹1.27 lakh crore, along with a ₹62,500 crore Mobile Phone Manufacturing Scheme. The initiatives are designed to attract global manufacturers, expand domestic production and strengthen India’s role in global supply chains.
Semicon 2.0 adopts a broader approach than the earlier programme by supporting chip design, fabrication units, advanced packaging, semiconductor materials, research and talent development. The government expects the scheme to create a complete semiconductor ecosystem in the country.
The new mobile phone manufacturing scheme will succeed the PLI programme and reward companies for higher production, exports and greater use of locally made components. Officials say it will help deepen value addition and improve India’s competitiveness in global markets.
India already manufactures more than 99% of the mobile phones sold domestically and has emerged as the world’s second-largest mobile phone producer. With the latest package, the government expects to attract around ₹4 lakh crore in investments while generating employment and boosting high-value electronics exports.
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