UPSC Science & Technology Current Affairs 2026

Union Cabinet Approves Phase‑2 of ISM and MPMS – ₹1.27 Lakh Cr & ₹62,500 Cr Outlays for Semiconductor & Phone Manufacturing

On 15 July 2026 the Union Cabinet approved Phase‑2 of the India Semiconductor Mission and the Mobile Phone Manufacturing Scheme, allocating ₹1.27 lakh cr and ₹62,500 cr respectively to attract ₹4 lakh cr of investment and boost exports. The expanded programmes target semiconductor design, equipment, chemicals and phone‑assembly incentives, aiming to reduce import dependence and build a self‑reliant electronics ecosystem.