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India Semiconductor Mission 2.0 gets EFC nod with ₹1.2 lakh crore outlay

India's semiconductor ambitions are set for a major boost with the Expenditure Finance Committee approving nearly ₹1.20 lakh crore for the second phase of the government's chip programme. This significantly enhanced allocation aims to deepen domestic manufacturing, reduce import reliance, and expand support across the entire semiconductor ecosystem, including design and upstream capabilities.