According to additional secretary, Ministry of Electronics and IT and chief executive officer, India Semiconductor Mission, the semiconductor projects approved by the government to date will enable production of over 24 billion chips annually, with additional projects currently in the pipeline. The government has sanctioned six major projects so far, including a wafer fabrication plant by Tata Electronics and five semiconductor packaging facilities.
He emphasised that India is positioning itself as a long-term player in the global semiconductor ecosystem. To support this vision, the government has implemented a Rs 760-billion incentive scheme to strengthen the domestic semiconductor industry. A large portion of this fund has already been committed to the approved projects.
In an appeal to German semiconductor companies, the official urged them to collaborate in India’s fabrication efforts, highlighting opportunities in high-technology research. He noted that innovations like 2D materials could lead to the development of chips that are more than ten times smaller than current silicon-based ones.
India, he added, is regarded as a trusted partner in the global supply chain and offers a transparent policy framework conducive to investment and international collaboration.
