India is gearing up to establish itself as a global semiconductor manufacturing hub, with plans to roll out its first-ever indigenous semiconductor chips by 2025. This landmark achievement is part of the government’s broader strategy to reduce reliance on imports and foster technological self-sufficiency. Construction of semiconductor manufacturing facilities is in full swing across key states to meet the production timeline. These advanced plants are designed to support diverse industries, such as telecommunications, automotive, and consumer electronics, ensuring India’s seamless integration into the global semiconductor ecosystem.

Semicon India Program: Laying the Foundation

The government’s visionary Semicon India program, introduced in 2021 with an allocation of ₹76,000 crore, forms the backbone of this initiative. The program incentivises investments in semiconductor and display manufacturing, providing financial support to new entrants and focusing on creating a robust production and design ecosystem.

Semicon 2.0: A Boost to Policy Framework

Building on the momentum of the initial program, the government is set to unveil ‘Semicon 2.0,’ a refined policy framework aimed at encouraging participation from equipment manufacturers and raw material suppliers. This update is expected to further streamline processes and attract significant global investments.

Massive Investments and Employment Generation

To realise its semiconductor ambitions, India has approved projects worth ₹1.5 lakh crore, which promise to generate significant employment opportunities. These initiatives are designed to place India on the global semiconductor map while creating a skilled workforce to support the sector's rapid expansion.

Collaborations to Strengthen Expertise

Collaborations with global technology leaders are underway to bolster India’s semiconductor manufacturing capabilities. These partnerships aim to enhance infrastructure, build R&D expertise, and ensure India’s competitiveness in the global supply chain.

A Digitally Driven Economy

With the global demand for semiconductors surging, India’s market is projected to reach an impressive valuation of $63 billion by 2026. This growth aligns with the government’s vision to position India as a critical player in the global semiconductor supply chain.

A Step Toward Economic Growth

The strategic focus on semiconductor manufacturing underscores India’s commitment to advancing technology-driven industries. As the country prepares to launch its first ‘Made in India’ semiconductor chips, this milestone will serve as a testament to the nation’s progress and pave the way for future advancements.