India Semiconductor Mission boosts production with Rs 1.6 lakh crore investment, creating 29,000 jobs across regions
New Delhi
India’s semiconductor market, valued at $54.3 billion in 2025, is projected to nearly double and reach $103.5 billion by 2030, growing at a strong 13.8 percent compound annual growth rate, according to a report released Thursday. This expansion is expected to outpace global benchmarks, fueled by rising demand across industries.
Currently, about 70 percent of India’s semiconductor market is driven by everyday devices like smartphones, laptops, and industrial systems. However, the coming years will see rapid growth in advanced chip demand, supported by the expansion of electric vehicles, 5G networks, and data centres. Hyperscale capacity is projected to grow by more than 75 percent, with EVs expected to make up nearly a third of new vehicles by 2030.
The India Semiconductor Mission (ISM) is leading efforts to boost domestic production, backed by projects worth Rs 1.6 lakh crore and nearly 29,000 jobs. Investments such as Micron’s ATMP facility in Gujarat, along with state-driven initiatives in Tamil Nadu, Kerala, and Gujarat, are helping create strong regional clusters.
India’s semiconductor Global Capability Centres are also evolving, with engineers contributing to next-generation designs including AI accelerators, TinyML firmware, and AI-driven workflows. Nearly half of new chip programmes now feature AI, while one-third of verification teams use machine learning.
India already employs over 250,000 semiconductor professionals, a number expected to rise by 120 percent to around 400,000 by 2030. This would make India the second-largest semiconductor talent hub in the world, after the United States.
Industry leaders say India is entering a defining decade, combining scale, capability, and talent to become a key player in global semiconductor supply chains.