Cabinet Approves ₹1.9 Lakh Cr for Semicon 2.0 and Mobile Manufacturing

This report covers Industrial Subsidies and PLI Schemes from July 13, 2026, to July 20, 2026. Key findings include the transition to Semicon 2.0, the launch of a new ₹62,500 crore mobile incentive scheme, and the enforcement of the India-UK CETA.

Key Statistics

Weekly Executive Summary

• The Union Cabinet approved "Semicon 2.0," shifting focus from pure fabrication to the entire supply chain, including chemicals and specialized gases.
• The new Mobile Phone Manufacturing Scheme (MPMS) replaces the previous PLI, introducing specific bonuses for domestic component sourcing and local product design.
• European industrial strategy pivoted toward "survival subsidies," with France receiving approval for a €52 billion offshore wind scheme and the EU proposing extensions for free carbon permits until 2038.

Deep Dive: Key Developments

Cabinet Approves Semicon 2.0 with ₹1,27,500 Cr Outlay

On July 15, the Union Cabinet approved "Semico…