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New budget measures hard-wire a “make-and-export” tilt: ISM 2.0 for chips and a ramp-up of the Electronic Component Manufacturing Scheme to ₹40,000 cr; plans for rare-earth/magnet corridors; and customs reforms aimed at faster clearances and global standards.
Sector playbooks are explicit, semis, electronics components, capital goods, textiles, backed by cluster modernisation and MSME support to plug into buyer networks.
Net effect: lower frictions, more local content, and better odds of India becoming a preferred node in diversified value chains.
