According to Jitin Prasada, Union Minister of State for Electronics and Information Technology, the semiconductor imports in India rose 18.5 per cent to Rs 17.1 billion in financial year (2023-24). India imported 18.43 billion semiconductor chips in FY24.
Citing the Directorate General of Commercial Intelligence and Statistics (DGCIS) portal, he mentioned that in FY23, 14.64 billion chips were imported into the country at a valuation of Rs 12.97 billion. Further, in FY22, the country imported 17.89 billion chipsets worth Rs 10.71 billion.
