Finance Minister Nirmala Sitharaman is currently delivering the Union Budget 2026–27 live in Parliament, marking her ninth consecutive budget presentation, and the country is closely watching every major announcement as it unfolds.

As the live coverage continues, one of the standout policy thrusts revealed is the launch of India Semiconductor Mission 2.0 — a strategic move to bolster India’s semiconductor ecosystem. Under this next-phase mission, the government plans to focus on establishing industry-led research and training centres aimed at deepening domestic capabilities across the semiconductor value chain.

To capitalise on the momentum of the original mission, the outlay is proposed to be increased to ₹40,000 crore, reflecting the government’s push to attract investment, boost manufacturing, and nurture talent in this critical high-tech sector.

Additionally, the budget speech highlighted targeted support for mineral-rich states — including Odisha, Kerala, Andhra Pradesh and Tamil Nadu — recognising their potential role in semiconductor raw material supply and related industrial growth.

Stay tuned for more real-time developments from the Budget 2026 speech as Sitharaman continues her address with key economic and reform-orientated measures.