Updates on 31 August 2026
All of August 2026 →India Notifies ₹1.27 Lakh Crore Semicon 2.0 Scheme to Boost Semiconductor Ecosystem
The Indian government notified the Semicon 2.0 scheme on August 31, 2026, with a fiscal outlay of ₹1,27,500 crore to accelerate and expand the semiconductor ecosystem, including manufacturing, design, packaging, R&D, and talent development. The scheme focuses on six pillars: design, machines and materials, fabrication units, assembly and packaging (ATMP/OSAT), research, and talent development. It provides significant fiscal incentives, such as 40% support for silicon wafer fabs with a minimum investment of ₹20,000 crore and incentives for startups and OCI-owned companies under the chip design ecosystem. A target to train 100,000 additional semiconductor engineers illustrates the drive for talent development, positioning India as a key global player in semiconductors.
India’s Coconut Exports Soar 62% to ₹7,038 Crore in FY26
India’s coconut product exports grew by 62% in fiscal year 2025-26 to ₹7,038.35 crore (USD 794.70 million), maintaining its position as the world’s largest coconut producer with a 31.24% share of global production. The major producing states are Karnataka, Tamil Nadu, Kerala, and Andhra Pradesh, accounting for over 91% of national output. The Coconut Development Board (CDB) plays a key role in sector promotion, and a ₹350 crore Coconut Promotion Scheme was introduced in the Union Budget 2026-27. Nearly 30 million livelihoods depend on the coconut sector in India.