India Semiconductor Mission 2.0, announced in the Union Budget 2026, is considered a game-changing step for India’s electronics and AI future. The objective of this mission is to ensure that semiconductor related machines, chemicals and gases are manufactured within India only. According to industry estimates, this market can reach approximately $400 billion by 2030. Due to the rising demand for AI at the global level, there is a shortage of powerful chips and there is heavy pressure on the supply chain. Experts are considering this as a rare opportunity for India. In the initial phase, the focus should be on increasing the sourcing of global companies from India, especially from MSMEs. India’s domestic chip consumption will be limited, so it is important to target the export market. In the next 5–7 years, India can become strong in areas like automation, precision parts, support systems and advanced packaging. With proper execution, this mission can make India a serious player in the global semiconductor ecosystem.

In Budget 2026, the government has given a clear signal to give new momentum to India electronics manufacturing through PLI scheme. In this special interview, there is discussion on how PLI push will boost semiconductor, electronics production and exports. Experts are saying that from Budget 2026, India’s position can be strengthened in job creation, investment inflow and global supply chain. Detailed discussions have been held on policy support, future roadmap and challenges for the electronics sector. If you want to understand Budget impact, PLI scheme and India electronics growth, then do watch this full interview.

‘O Bhaijaan, Arab world is not against Pakistan…’, PAK experts got angry when ministers of Middle East countries met PM Modi

The Central Government has approved 22 new projects under the Electronics Components Manufacturing Scheme (ECMS) to accelerate electronics manufacturing.

An investment of about ₹ 41,863 crore and production of about ₹ 2.58 lakh crore is expected from these projects. This initiative is likely to create around 33,791 direct jobs, which is a strong positive signal for employment.

The companies receiving approval include big industry players like Dixon, Samsung Display Noida, Foxconn’s Yuzhan Technology India and Hindalco Industries. This is the third tranche of ECMS, covering 11 product segments including mobile phones, automotive, strategic electronics and IT hardware.

Projects will be spread in 8 states, which will promote balanced regional growth. Overall, ECMS is being considered an important step towards taking India out of import dependency and making it a global electronics manufacturing hub.