Prime Minister Narendra Modi has set the stage for India's ambitious leap into the global semiconductor arena, comparing chips to 'digital diamonds' and unveiling a series of groundbreaking initiatives at the Semicon India 2025 event in New Delhi.

India's Semiconductor Revolution

In a significant move towards technological self-reliance, the Indian government has given the green light to ten semiconductor projects worth a staggering ₹1.60 lakh crore. This strategic decision marks a pivotal moment in India's journey from being a backend provider to emerging as a full-stack semiconductor nation.

Additionally, India plans to initiate three new semiconductor projects during the current year. As part of these semiconductor development initiatives, land has been allocated to HCL-Foxconn, further solidifying the country's commitment to expanding its semiconductor capabilities.

Key Players in the Semiconductor Ecosystem

Listed companies Kaynes Technology and CG Power are poised to play crucial roles in building semiconductor fabrication facilities, underlining the private sector's involvement in this national mission.

Semicon India 2025: A Global Gathering

The three-day Semicon India 2025 event has drawn impressive participation:

• Over 20,750 attendees from more than 48 countries
• 2,500 delegates
• 150 speakers
• 350 exhibitors

This massive turnout underscores the global interest in India's semiconductor ambitions and the potential for international collaboration.

Milestones in India's Semiconductor Journey

PM Modi highlighted the rapid progress since the inception of the Semicon India program in 2021:

• 2023: Approval of India's first semiconductor plant
• 2024: Additional plants approved
• 2025: Clearance of five more projects

This accelerated timeline demonstrates the government's commitment to fostering a robust semiconductor ecosystem within the country.

Streamlining Investments

To facilitate smoother operations for investors, the government has implemented a National Single Window System. This initiative aims to streamline the approval process, making it easier for both domestic and international players to participate in India's semiconductor growth story.

Looking Ahead

As India positions itself as a key player in the global semiconductor industry, the government's proactive approach and substantial investments signal a transformative phase for the country's technology sector. The success of these initiatives could potentially reshape India's role in the global supply chain and boost its technological capabilities.

With these ambitious projects underway, India is set to write a new chapter in its technological narrative, aiming to become a significant contributor to the world's semiconductor industry.

In a significant boost to India's technological capabilities, Prime Minister Narendra Modi has announced that the country's first domestically manufactured semiconductor chips will hit the market by the end of this year. This development marks a crucial milestone in India's journey towards self-reliance in the high-tech sector.

Government Approvals and Investments

The Indian government has given the green light to semiconductor manufacturing units in three states:

• Odisha
• Punjab
• Andhra Pradesh

These approvals come with a substantial financial commitment of Rs 4,600 crore, demonstrating the government's dedication to fostering a robust semiconductor ecosystem in the country.

Job Creation and Economic Impact

The approved projects are expected to generate over 2,000 direct skilled jobs, contributing to India's skilled workforce and technological expertise in the semiconductor domain.

Expanding Semiconductor Landscape

With these new approvals, India's semiconductor project portfolio has expanded significantly:

Diverse Manufacturing Facilities

The approved facilities showcase a diverse range of semiconductor manufacturing capabilities:

• India's first commercial silicon carbide chip plant in Odisha
• Advanced glass-based chip packaging facility
• Manufacturing plants for chips used in:
  • Mobile devices
  • Automobiles
  • Electronics
  • Electric vehicles
  • Renewable energy applications
  • Telecom sector

Progress and Future Outlook

Prime Minister Modi highlighted the tangible progress in India's semiconductor mission:

• Six semiconductor units are currently in various stages of development
• Four new units have received recent approval

This rapid advancement in India's semiconductor manufacturing capabilities is poised to reduce the country's dependence on imports and strengthen its position in the global technology supply chain.

The announcement of domestically manufactured chips reaching the market by year-end signifies a transformative moment for India's tech industry. As these projects come to fruition, they are expected to catalyze innovation, enhance economic growth, and bolster India's standing in the global semiconductor market.