ISM 2.0 Chip Subsidy Cut: MeitY’s Crucial Stability Bet

Quick Take ISM 2.0 chip subsidy for silicon fabs drops from 50% to 40% under the new framework. MeitY backs a Rs 1.25 Lakh Cr ($12.9 Bn) corpus, up sharply from the Rs 76,000 Cr phase one. Centre plans minority equity stakes and royalty deals to draw larger private inflows by 2027. In This Article…