NewKerala.com

Key Points

India is making a bold leap into semiconductor manufacturing with an ambitious plan to reach $110 billion by 2030. Prime Minister Narendra Modi's vision includes establishing domestic chip production capabilities across multiple states. The initiative aims to reduce dependency on foreign manufacturers like Taiwan and create thousands of skilled jobs. These strategic investments position India as a potential global player in the rapidly evolving semiconductor ecosystem.

Key Points: Modi's $110B Semiconductor Vision Transforms India's Tech Future

  • Modi launches ambitious semiconductor manufacturing strategy
  • Four projects approved worth Rs 4,600 crore
  • Six states to receive semiconductor facilities
  • Over 60,000 students trained in semiconductor skills
2 min read

India's semiconductor market to touch $110 billion by 2030, create skilled jobs

India targets $110B semiconductor market by 2030, creating 2,000 skilled jobs across multiple states with strategic tech independence.

"Made-in-India semiconductor chips will be available in the market by the end of 2025 - Narendra Modi, Prime Minister"

New Delhi, Aug 16

India's semiconductor market is expected to reach around $110 billion by 2030, as the country will become a trusted node in the $1 trillion global semiconductor market, according to a new report.

Prime Minister Narendra Modi, in his 79th Independence Day address from the Red Fort, declared that Made-in-India semiconductor chips will be available in the market by the end of 2025, marking a major milestone in India's push for technological self-reliance.

The Union Cabinet this week approved four semiconductor projects worth Rs 4,600 crore. These new ventures will produce approximately 2,000 skilled employments in India, potentially creating many more indirect value chain opportunities, according to a report in India Narrative.

Currently, Taiwan makes about 90 per cent of advanced chips for India. The new Indian facilities ensure a stable local supply of telecom, electric cars, and defence chips, boosting economic resilience and minimising strategic risks.

'Designed and Made in India' chips can compete in global supply chains as companies look for alternatives to established giants amid US-China tensions, the report noted.

Odisha will receive two new projects, Andhra Pradesh and Punjab will each receive one. After new approvals, there are ten India Semiconductor Mission (ISM)-sanctioned projects in six states.

Over 60,000 students are being trained in semiconductor-related skills, preparing the workforce India needs for both domestic and global demand.

SiCSem Private Limited in Odisha will build India's first commercial compound semiconductor fabrication facility. Defence, electric vehicles, trains, and energy infrastructure dependent on silicon carbide (SiC) devices will be the focus of this facility.

Odisha-based 3D Glass Solutions Inc. envisions an advanced packaging and embedded glass substrate plant. This factory will provide cutting-edge chip packaging--a leap for AI, communications, and photonics sectors, the report said.

Andhra Pradesh's ASIP Technologies, in partnership with South Korea's APACT, will build a plant serving consumer, automotive, and communications electronics. Continental Device India Ltd. in Punjab will produce more MOSFETs and IGBTs with direct relevance for renewable energy, EVs, automation, and industrial digitalisation.

The proposed products will have significant applications in defence, high-performance computing, artificial intelligence, RF and automotive, photonics and co-packaged optics, etc.

- IANS

Share this article:

Reader Comments

P
Priya S
While I appreciate the vision, I hope the government ensures proper environmental safeguards. Semiconductor manufacturing requires huge amounts of water and energy. Odisha and Andhra already face water stress. Sustainable growth should be priority.
R
Rohit P
Made in India chips by 2025? Ambitious but needed! Currently we're completely dependent on Taiwan and China. With US-China tensions, this is perfect timing. Defence and EV sectors will benefit most. Jai Hind!
S
Sarah B
The skill development aspect is most promising. As an HR professional in Bengaluru, I've seen the semiconductor talent gap firsthand. These 60,000 trained students could transform India's position in global supply chains. Hope the curriculum matches industry needs.
K
Karthik V
Good to see Punjab getting a project too! Usually all tech investments go to South or West. North India needs this industrial boost. The MOSFET/IGBT production aligns well with our growing renewable energy sector.
N
Nisha Z
₹4,600 crore seems small compared to what China/Taiwan invest. Hope this is just the beginning. We need at least 5-10x more funding to truly compete globally. Also, where are the tax incentives for private players?

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50