India’s semiconductor mission is accelerating as growing investor confidence boosts private capital alongside strong government-backed initiatives nationwide.
New Delhi
India’s ambitious semiconductor programme is entering a crucial phase, with private investment beginning to flow in as a result of the country’s expanding design ecosystem and abundant engineering talent, Union Minister Ashwini Vaishnaw said on Thursday. Speaking at Bloomberg’s New Economy Forum in Singapore, Vaishnaw emphasised that India’s chip strategy, once heavily driven by government intervention, is now generating independent confidence among global chipmakers.
The minister highlighted that India aims to elevate its semiconductor manufacturing ecosystem to the level of major chip-producing nations by 2032. He described the 2031–2032 period as the point at which India expects to match benchmarks currently achieved by established international players, positioning the country for a fair and competitive role in the global semiconductor race.
Although India’s semiconductor programme is still in its early stages, the government has significantly increased spending to attract both chip designers and manufacturers. A substantial $10 billion incentive fund has already catalysed the development of multiple assembly, packaging and testing facilities. Vaishnaw noted that Micron Technology has set up a plant in Gujarat, while the Tata Group is among around 10 companies preparing to build fabrication units within the country.
According to the minister, three of India’s semiconductor facilities are expected to begin commercial production early next year, marking a major milestone in the nation’s chip-making journey. He added that the government’s strong policy push, combined with a rapidly expanding talent pool, is creating favourable conditions for sustained private sector involvement. This approach mirrors the way government incentives inspired Apple and its suppliers to increase iPhone manufacturing operations in India.
Vaishnaw further stressed that India’s model of offering a common and affordable compute facility is helping democratise technology access, ensuring that innovation becomes more inclusive as the semiconductor ecosystem matures.
