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India has launched ISM 2.0 to strengthen its semiconductor equipment sector, targeting a share of the projected $400 billion market by 2030 amid rising AI demands. The initiative aims to attract global OEMs and support domestic MSMEs, addressing current supply chain bottlenecks and infrastructure challenges. Experts highlight the necessity for incentives to encourage sourcing from India, positioning the country to potentially capture 10% of the global market by 2032.