India has approved a ₹1.275 trillion, or roughly $13.23 billion, Semicon 2.0 program aimed at expanding the full semiconductor value chain while also opening the nuclear energy sector to private investment for the first time. The strategy ties chip manufacturing to power security, reflecting the heavy and stable electricity needs of fabrication plants. Cleared by the Union Cabinet on July 15, 2026, the program spans chip design, fabrication, advanced packaging (putting finished chips into usable form), materials, equipment, R&D, and workforce development. As of mid-2026, between 12 and 13 semiconductor projects had been approved across six Indian states, with combined investments above ₹1.64 lakh crore. The flagship Tata-PSMC silicon fab in Dholera, Gujarat, is expected to produce its first silicon by December 2026. India currently operates 24 nuclear reactors with combined capacity of roughly 8.18 to 8.78 GW, while eight more reactors under construction are set to add 6.8 GW. The government is targeting 22.5 GW of nuclear capacity by 2031-32 and 100 GW by 2047, with plans to commission 21 additional reactors by 2031 alone. On July 30, 2026, Indian power companies announced major nuclear investments after legislative changes ended the state monopoly, with Tata Power and Reliance among the companies moving in. The government is also exploring Bharat Small Reactors and Small Modular Reactors (smaller factory-built nuclear units) for industrial use, including semiconductor facilities, under its broader Viksit Bharat goal of developed-nation status by 2047.