Why is it in the news?
Union Budget 2026–27 announced ISM 2.0.
Marks shift toward technological depth and global semiconductor integration.
Category: Science and Technology
Important Points:
● ₹1,000 crore allocated for FY 2026–27 under ISM 2.0
● Focus on indigenous manufacturing of equipment, chemicals, gases
● Promotes full-stack semiconductor IP development
● Strengthens domestic and global supply chains
● ISM 1.0 approved in 2021 with ₹76,000 crore incentive outlay
● 10 projects approved with ₹1.60 lakh crore investments
● Market projected to reach $100–110 billion by 2030
● Target 70–75% self-sufficiency in chip demand by 2029
● Aims for 3 nm and 2 nm manufacturing capability by 2035
● Complemented by ₹8,000 crore ecosystem development programme