New Delhi, July 15 -- Prime Minister Narendra Modi on Wednesday hailed the Union Cabinet's approval of the Semicon 2.0 program with an outlay of Rs 1.27 lakh crore, which aims to make India a global centre for semiconductor design, manufacturing and innovation.

In an X post, PM Modi said, "India's semiconductor journey gets even more vibrant."

"The Cabinet has approved Semicon 2.0 with an outlay of Rs 1,27,500 crore, reaffirming our long-term commitment to making India a global centre for semiconductor design, manufacturing and innovation. Powered by our youth, Semicon 2.0 will strengthen every aspect of the semiconductor ecosystem. Semicon 2.0 will attract greater investment, create high-value opportunities for our youth, strengthen su...