India's Semiconductor Revolution Accelerates

India is making significant strides in its semiconductor industry, aiming to become a key player in the global chip value chain. Supported by robust policy measures, substantial investments, and a skilled workforce, the country is transitioning from an import-dependent economy to a global manufacturing and design hub.

Strategic Initiatives and Investments

The India Semiconductor Mission (ISM), launched with a budget of Rs 76,000 crore, is at the heart of this transformation. It focuses on manufacturing, assembly, testing, packaging, and design of semiconductor chips, fostering R&D and industry-academia collaboration. With the semiconductor market expected to reach $100–110 billion by 2030, initiatives like the Semiconductor Fabs Scheme and Design Linked Incentive (DLI) scheme are pivotal.

Global Partnerships and Skill Development

India is also advancing in chip design, with new 3-nanometre centres and support for startups. Skill development programs are training over 85,000 engineers, with partnerships with global institutions and firms enhancing local talent. The annual SEMICON India summit further showcases India's growing role in the semiconductor sector.

Looking Ahead

Amid global supply chain challenges, India's semiconductor drive is a strategic move towards self-reliance and security. With projects from major players like Tata Group and Micron Technology underway, India's journey from chip dependence to leadership is gaining momentum.