Cabinet approves ₹1.9 tn push for chips, mobiles to deepen local manufacturing

Friday, July 17, 2026 - 22:43
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Cabinet approves  ₹1.9 tn push for chips, mobiles to deepen local manufacturing
At the centre of the package is Semicon 2.0, a ₹1.27 trillion programme aimed at helping Indian firms design chips, generate patents. The cabinet also cleared a ₹62,500 crore mobile phone manufacturing scheme that rewards companies for sourcing more components locally

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