India Expands Electronic Sector Initiatives in 2026-27 Budget
India's Finance Minister Nirmala Sitharaman announced significant investments in the semiconductor and IT sectors in the 2026-27 Budget. The budget includes an expansion of the India Semiconductor Mission (ISM) 2.0 and significant funding for the Electronics Components Manufacturing Scheme (ECMS). Additionally, new tax provisions aim to boost IT services competitiveness, while promoting data center growth with proposed tax holidays.
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