India's semiconductor industry is on the cusp of a revolution, driven by the government's ambitious plans to establish the country as a global leader in semiconductor manufacturing. Prime Minister Narendra Modi announced that India will launch its first homegrown semiconductor chip by the end of 2025, marking a significant milestone in the nation's technological evolution.
The India Semiconductor Mission (ISM) has been launched to build a robust semiconductor manufacturing ecosystem, with a focus on fabs, ATMP units, design incentives, and human resource development. Six operational units and four approved projects signal rapid growth in semiconductor manufacturing capacity, with investments worth ₹76,000 crore under the Production-Linked Incentive (PLI) scheme. India is attracting collaborations from global semiconductor leaders, bringing in advanced technologies and investment.
The semiconductor market is projected to surge from $38 billion in 2023 to $100-110 billion by 2030, driving economic growth and job creation. India's entry into semiconductor manufacturing will reduce dependence on imports, enhance national security, and position the country as a global tech player. Over 500,000 direct and indirect jobs are expected in the semiconductor sector, contributing to economic growth and skill development.
However, challenges lie ahead. Chip fabs require uninterrupted power, ultra-pure water, and advanced cleanroom facilities. Training engineers and technicians in semiconductor fabrication is critical, and establishing local suppliers for raw materials is essential. Despite these challenges, India's semiconductor surge is poised to drive a tech revolution, transforming the country's economic and technological landscape.
