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Union Budget 2026–27 Strengthens Tech and Manufacturing Ecosystems with ISM 2.0 and Electronics Scheme, Boosting Innovation and Supply-Chain Resilience

business Feb 2, 2026

By Teppo Hemia, CEO of Wirepas

“The Union Budget 2026-27 sets a decisive direction for India’s technology and manufacturing landscape. By expanding ecosystem-level support through initiatives like a strengthened India Semiconductor Mission (ISM 2.0), an enhanced Electronics Components Manufacturing Scheme, and broader structural reforms across supply chains and industrial clusters, the Budget signals a long-term commitment to deepening domestic tech capabilities and reducing import dependence. For companies working at the forefront of connectivity, IoT and next-generation wireless solutions, these measures will help accelerate innovation, attract quality investment and build resilient value chains critical for global competitiveness.”

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