PM Modi announced a special INR 1 Lakh Cr fund to drive innovation in semiconductors and technology, aiming to make India a global semiconductor leader.
India offers 50% financial support to companies setting up semiconductor fabs, boosting the country’s manufacturing capabilities under a 360-degree strategy.
Launched in 2021 with INR 76,000 Cr, the India Semiconductor Mission aims to build a complete semiconductor ecosystem, covering fabs, packaging, and design.
With a growing market and strong digital infrastructure, PM Modi highlights India’s strategic position and invites foreign investments with stable policies.
India’s semiconductor industry is projected to grow from $33 Bn in 2023 to $150 Bn by 2030, with over 100 startups currently operating in the sector.