India Unveils Strategic Semiconductor Mission 2.0 to Fortify Global Supply Chain Dominance

In a decisive move to cement India's position in the global technology supply chain, Finance Minister Nirmala Sitharaman has announced the launch of the Indian Semiconductor Mission 2.0 under the Union Budget. This strategic initiative represents a significant escalation from previous efforts, focusing not merely on chip design but on establishing a comprehensive domestic ecosystem for semiconductor manufacturing equipment and materials. The mission aims to address critical vulnerabilities in global supply chains by developing indigenous capabilities in high-precision fabrication tools and specialized raw materials—areas traditionally dominated by a handful of nations. This analytical expansion signals a long-term vision to reduce import dependency and create a self-reliant, vertically integrated semiconductor industry. The announcement underscores India's commitment to transforming from a consumer to a key producer in the strategic semiconductor sector, aligning with broader geopolitical and economic objectives to secure technological sovereignty and attract high-value manufacturing investments.