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India's Electronics Manufacturing Boom: 46 Approvals, Rs 10,000 Cr Investment in Karnataka

Union Minister Ashwini Vaishnaw announced rapid growth in electronic component manufacturing, with 46 approvals granted and Karnataka set to receive investments exceeding Rs 10,000 crore. The budget for the manufacturing scheme has been significantly increased from Rs 22,000 crore to Rs 40,000 crore for FY 2026-27. The minister highlighted achievements in chip design and outlined plans for 'Semicon 2.0', focusing on the entire semiconductor ecosystem from design to equipment. A major initiative includes training 85,000 silicon engineers over a decade, with 67,000 already trained in four years.

Key Points: Electronics Manufacturing Grows, 46 Approvals Granted: Minister

  • 46 approvals for electronic component manufacturing
  • Karnataka to get over Rs 10,000 crore investment
  • Budget for scheme doubled to Rs 40,000 crore
  • Focus on semiconductor design and 'Semicon 2.0'
  • Target to train 85,000 silicon engineers in 10 years
2 min read

Electronic component manufacturing growing rapidly, 46 approvals granted: Minister

Union Minister Ashwini Vaishnaw announces rapid growth in electronic component manufacturing with 46 approvals and major investments in Karnataka.

Electronic component manufacturing growing rapidly, 46 approvals granted: Minister
"Our Prime Minister has set a production target of $500 billion by the 2030-2031 financial year. Therefore, we all need to move very quickly in that direction. - Ashwini Vaishnaw"

New Delhi, Feb 8

The manufacturing of electronic components is growing rapidly and 46 approvals have been granted - with Karnataka is set to receive investments exceeding Rs 10,000 crore, according to Union Minister Ashwini Vaishnaw.

In Budget 2026-27, Finance Minister Nirmala Sitharaman increased the budget for the electronic component manufacturing scheme from Rs 22,000 crore to Rs 40,000 crore.

This will significantly accelerate the electronics manufacturing journey.

"Our Prime Minister has set a production target of $500 billion by the 2030-2031 financial year. Therefore, we all need to move very quickly in that direction," said Vaishnaw as he inaugurated Zetwerk Electronics' new world-class manufacturing facility for defence, automotive, and IT hardware electronics built in Bengaluru.

"Today, people are designing complete '2-nanometer' chips in India, which is a major achievement for the country, and equipment manufacturers have also started coming to India," said Union IT Minister.

He mentioned that Applied Materials and Lam Research have been brought to India, and the next goal should be to bring ASML.

The minister further stated that commercial production will begin this year. In the coming days, the first commercially produced chip from a semiconductor plant will be in our hands.

'Semicon 2.0' will be effective, focusing on design, equipment manufacturing, chemicals, gases, validation, and yield improvement - all functions required for a sustainable semiconductor journey.

"We aim to prepare 85,000 silicon engineers over 10 years, and in four years, we have already trained 67,000. Consequently, a large part of chip design will practically happen in India. This will be a major shift in the coming years," said Vaishnaw.

He stated that with the arrival of the 'fab,' we have now mapped a path from 28- nano meter to 7-nano meter, which will be part of Silicon 2.0.

"We believe in a cooperative system and that the country grows only when all states grow," he added.

Vishal Chaudhary, Co-founder and Managing Director (Aerospace and Defence), Zetwerk, said that electronics manufacturing today demands deep integration across design, engineering, suppliers, and scaled production.

"This facility has been built to bring those capabilities together seamlessly, enabling faster validation, stronger quality control, and predictable, high-reliability execution across the product lifecycle," he added.

- IANS

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Reader Comments

R
Rohit P
Great to see progress, but I hope the benefits reach beyond just one or two states. The minister said "country grows when all states grow" – need to see more investments in eastern and central India too. Balanced development is crucial.
A
Arjun K
2-nanometer chip design in India? That's huge! If we can bring ASML here, it will be a game-changer. This is how we become truly 'Atmanirbhar'. The semiconductor journey is complex but we are on the right track. Jai Hind!
S
Sarah B
As someone in the tech industry, the training of 67,000 engineers in four years is the most impressive part. Talent is our biggest asset. If we can retain this skilled workforce and provide good opportunities, we can compete globally.
V
Vikram M
Hope the first commercial chip production starts on schedule this year. We've heard announcements before. Execution and speed are everything. The $500 billion target is ambitious, but with the right policy support, achievable. 🤞
K
Kavya N
Manufacturing for defence, automotive, and IT hardware all under one roof in Bengaluru is strategic. It creates an ecosystem. This vertical integration, as Mr. Chaudhary said, will improve quality and reduce import dependence. Good step!

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