Semicon 2.0 and the new mobile phone manufacturing scheme aim to attract Rs 4 lakh crore in investment and deepen India's electronics ecosystem.

Modi's cabinet approved $13.3B for semiconductors and $6.5B for smartphones. The minister said Modi wants India to "create an Indian mobile brand."

The Union Cabinet approved India Semiconductor Mission 2.0 with significant funding. A Rs 62,500 crore Mobile Phone Manufacturing Scheme was also cleared. These initiatives aim to…