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PM Modi Launches India Semiconductor Mission 2.0, Approves Rs 4,594 Crore for New Plants as Market Set to Hit $110 Billion by 2030

Prime Minister Narendra Modi kicked off Semicon India 2025 by announcing the next phase of the India Semiconductor Mission, unveiling four new assembly and testing plants with a Rs 4,594 crore outlay. India’s chip market is projected to more than double to $100-110 billion by 2030, with a strong push for domestic design and manufacturing.