India expects its semiconductor industry to match leading nations like the United States by 2031–2032, Union Minister Ashwini Vaishnaw said on Thursday. He said the government’s $10-billion incentive scheme has created strong momentum and is drawing major global players to invest in the country.
Vaishnaw noted that in the last three years, India has put in place the key building blocks of a modern semiconductor ecosystem. This includes manufacturing units, advanced packaging and testing facilities, and a rapidly expanding chip design base.
He said India’s advantages lie in its large pool of engineers and increasing design capability. The global semiconductor race, he added, is now a “fair” one, giving India a chance to catch up with established players. Further he hinted upon a growing global shift towards “digital sovereignty”, with countries trying to reduce dependence on foreign technology. This trend, he said, aligns with India’s long-term semiconductor ambitions.
According to the minister, three semiconductor plants already approved by the government will start commercial production early next year. Companies such as Micron Technology and the Tata Group are setting up major facilities, marking a significant step towards domestic chip production.
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