Union Budget 2026 Reactions: Moving beyond chip assembly to build a complete, self-reliant semiconductor ecosystem for a strong electronics industry

The Union Budget 2026 indicated India wants to move from being a global assembly hub to a full-spectrum semiconductor and electronics powerhouse. With the launch of India Semiconductor Mission 2.0 and a INR40,000 crore outlay for the Electronics Component Manufacturing Scheme, the government is doubling down on localisation across materials, equipment, design, and intellectual property.

HIGHLIGHTS

• India Semiconductor Mission 2.0
• INR40,000 crore outlay for the Electronics Component Manufacturing Scheme

The Tech Panda spoke to industry experts across electronics, deep tech, automation, and manufacturing to understand how these announcements could reshape India’s high-value supply chains, unlock innovation-led manufacturing, and position the country as a serious global contender in semiconductors and advanced electronics.

Dhruv Chopra, Managing partner, Dewan P N Chopra and Co.

“With the allocation of INR40,000 crore for manufacturing electronics components, furthering the India semiconductor mission – India is moving beyond chip assembly to build ...