Q5 · UPSC current affairs · 14 September 2026 · News · India Semiconductor Sector Equity Financing

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Consider the following statements regarding the India Semiconductor Mission:1.The India Semiconductor Mission is housed within the Digital India Corporation under the Ministry of Electronics and Information Technology (MeitY).2.Bengaluru has emerged as the principal domestic hub for private equity and venture capital financing in chip design and fabrication ventures.Which of the statements given above is/are correct?

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (c) Both 1 and 2

Explanation

Both statements are correct. The India Semiconductor Mission is housed under MeitY's Digital India Corporation, and Bengaluru has indeed emerged as the primary hub for private equity and venture capital in this sector.

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