“The Union Budget’s ₹40,000 crore allocation for India’s semiconductor ecosystem signals a clear, long-term commitment to economic resilience and industrial competitiveness. Semiconductor Mission 2.0, alongside targeted development of critical minerals in states such as Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, addresses foundational gaps across manufacturing, supply chains, and technology infrastructure. The proposed tax holiday till 2047 for foreign cloud service providers setting up data centres in India, supported by a 15% safe harbour framework for related-party data services, strengthens policy certainty for global investors. By aligning capital investment, fiscal stability, and regional strengths with strategic resources, the Budget reinforces a sustained growth narrative, positioning India as a credible global hub for advanced manufacturing and digital infrastructure.”
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