The Indian government approved on July 15, 2026 a 1.275 trillion rupee (approximately $13.23 billion) program called Semicon 2.0 to accelerate semiconductor manufacturing in the country. Between 12 and 13 projects have been approved across six states, with combined investments exceeding 1.64 lakh crore rupees, including the flagship Tata-PSMC fab in Dholera, Gujarat, expected to produce its first silicon by December 2026. Simultaneously, India ended the state monopoly on nuclear energy on July 30, 2026, attracting private players such as Tata Power and Reliance. The country currently operates 24 nuclear reactors (8.18 to 8.78 GW) and targets 22.5 GW of nuclear capacity by 2031-32 and 100 GW by 2047. Both initiatives are part of the Viksit Bharat vision to make India a developed nation by 2047.
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