New Delhi: The Union Cabinet on Wednesday approved two electronics sector schemes worth a combined Rs 1.9 lakh crore: Semicon 2.0 with an outlay of Rs 1.27 lakh crore for semiconductor design and manufacturing, and the Rs 62,500-crore Mobile Phone Manufacturing Scheme (MPMS).
The MPMS replaces the Production Linked Incentive (PLI) scheme that ended on 31 March.At a Cabinet briefing here, Electronics and Information Technology Minister Ashwini Vaishnaw put numbers to the chip programme. “The expected outcomes include investments worth approximately Rs 4 lakh crore, production valued at Rs 2 lakh crore, and exports amounting to Rs 1 lakh crore.”
“It will generate both direct and indirect employment,” he said. Semicon 2.0 rests on six pillars: chip design, machines and materials, fabrication plants, assembly and packaging units, research and development (R&D), and talent.
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