India Targets Global-Scale Chipmaking by 2032, Says Vaishnaw
Photo Credit: @AshwiniVaishnaw
India’s semiconductor ambitions received a major boost as Union Minister for Electronics and IT Ashwini Vaishnaw announced that the country’s chipmaking capabilities will match leading global producers by 2032. Speaking at Bloomberg’s New Economy Forum in Singapore, the Minister said India is moving at an aggressive pace to build a strong, competitive semiconductor ecosystem. He stated that by 2031-32, India will reach the level where major chipmaking nations stand today, creating a fair and level global playing field.
India is still in the early phase of its semiconductor journey but has been rapidly expanding investments to attract global and domestic chip designers and manufacturers. The government’s $10 billion semiconductor incentive fund has encouraged several companies to set up assembly, packaging and testing facilities. Micron Technology is already establishing a plant in Gujarat, while the Tata Group is among the 10 companies gearing up to manufacture silicon chips within the country.
Although India trails established leaders like Taiwan, South Korea, the US, China, and Japan, countries that are investing heavily in semiconductor production, it is steadily closing the gap. These global efforts aim to secure the supply of high-demand chips powering AI, electric vehicles, and advanced electronics.
Vaishnaw said three semiconductor facilities in India will begin commercial production early next year. He added that the combination of strong government support, a growing design ecosystem, and India’s vast engineering talent pool is creating conditions for private investment to grow naturally, similar to the momentum seen in India’s expanding iPhone manufacturing ecosystem.
Source: Business Standard
