India's Semiconductor Ambitions Take Shape

India is strategically focusing on mature-node chip manufacturing, targeting the 28nm to 65nm range to meet the growing demand in key sectors such as automotive, telecommunications, and industrial electronics. This move positions India to fill a critical gap in the global semiconductor supply chain.

Global Trends Favor India's Semiconductor Strategy

The 'China +1' strategy is accelerating India's role in global manufacturing, as companies diversify their supply chains away from China. India's talent pool and technical capabilities are aligning with global standards, fostering rapid progress in scaling operations.

Government Initiatives Boost Semiconductor Manufacturing

The Semicon India Programme, launched in 2021 with incentives worth Rs 76,000 crore, aims to attract manufacturers and build a local supply chain. Recent approvals under the India Semiconductor Mission (ISM) include significant investments across several states, signaling strong growth in the sector.

Future Prospects

Prime Minister Narendra Modi announced that India-made semiconductor chips will be available by the end of the year, marking a significant milestone in the country's semiconductor journey. With six semiconductor plants approved, including a joint venture with Foxconn, India is on a fast track to becoming a key player in the semiconductor industry.