India’s ₹1.6 Lakh Cr Chip Push Gains Pace with 10 Key Projects
India is rapidly progressing towards it’s ambition to become a global semiconductor hub. The government has already approved 10 major projects through Semicon India Programme, attracting investments around ₹1.6 lakh crore.
Jitin Prasada, the minister for electronics and IT, informed Parliament that India is looking to setup a complete semiconductor industry indigenously. He said that we’re talking design, fabrication, assembly, testing, and packaging. He further stated that two production sites are already up and running, and two more should kick off operations before the year wraps up.
However, this isn’t just an isolated push rather it’s part of a bigger plan to get serious about electronics manufacturing. Over the past ten years, the industry has absolutely taken off. Back in 2014-15, total production was at ₹1.9 lakh crore; now, it’s at nearly ₹12 lakh crore. Meanwhile, exports have also soared, multiplying eight times to about ₹3.3 lakh crore.
If you look at mobile phones, the shift is even clearer. India barely used to manufacture them. Now, not only has production skyrocketed, but exports have jumped more than a hundredfold, and the need to import phones has dropped way down. That’s India flexing real muscle in tech.
The government’s not slowing down, either. To boost chip design, over 300 colleges and research centers are getting access to advanced tools. Plus, there’s strong funding behind 24 big semiconductor design projects, working in fields like telecom, energy, and security.
Right now, electronics manufacturing employs about 25 lakh people, and the semiconductor drive is only going to open up more jobs, across the board, from factories to tech labs.
Semiconductors power almost everything these days, so developing this industry isn’t just important rather it’s essential. To keep things rolling, the government just launched India Semiconductor Mission 2.0, aiming for tougher supply chains, more homegrown innovation, and a bigger place for India in the global market.
Source: PIB
