Union Minister Ashwini Vaishnaw has said that India’s semiconductor industry will be on par with the United States by 2031–2032, supported by the government’s $10-billion chipmaking incentive programme.
Speaking about the progress made in the past three years, the minister said India has created the essential foundation for a complete semiconductor ecosystem. This includes manufacturing facilities, advanced packaging units, testing centres and growing capabilities in chip design.
Vaishnaw said three semiconductor plants approved by the government are on track to begin commercial production early next year. Global and domestic companies such as Micron Technology and the Tata Group are already setting up major facilities in the country.
According to the minister, India’s strengths lie in its large engineering talent pool and rapidly developing design expertise. He described the global chip competition as a “fair race” and said India is now moving at the right pace to catch up with leading nations.
He added that the worldwide push for “digital sovereignty”, where countries aim to control their own technology supply chains, further supports India’s long-term semiconductor goals.
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