Cabinet approves ₹1.9 tn push for chips, mobiles to deepen local manufacturing

Short summary

India's cabinet approved a ₹1.9 trillion package centered on Semicon 2.0, a ₹1.27 trillion programme to help Indian firms design chips and generate patents. A separate ₹62,500 crore mobile phone manufacturing scheme rewards companies for sourcing more components locally. Both initiatives aim to deepen domestic electronics and semiconductor supply chains.

• •₹1.27tn Semicon 2.0 programme targets chip design and patents
• •₹62,500 crore mobile manufacturing scheme incentivizes local component sourcing
• •Package deepens India's push for self-reliant electronics supply chain

Generated with AI, which can make mistakes.