India is betting heavily on semiconductor manufacturing to achieve technological independence as global trade tensions intensify. Prime Minister Narendra Modi has approved 10 chip projects valued at approximately $18 billion this year, with commercial production set to start by late 2025. The market is projected to surge from $38 billion in 2023 to nearly $100 billion by 2030.
Vellayan Subbiah, chairman of CG Power, leads one of the first domestic ventures in this sector. His company plans to invest nearly $900 million in two assembly plants and test facilities. India aims to build a complete semiconductor ecosystem through partnerships with domestic giants like Tata and foreign companies such as Micron.
Critics note India lags decades behind chip leaders in Taiwan, the Netherlands, Japan and China. However, supporters argue the nation's 1.4 billion population and talent pool provide significant advantages. The country must still address bureaucratic challenges and attract skilled workers who previously sought opportunities abroad to succeed in this strategic industry.
Vellayan Subbiah, chairman of CG Power, leads one of the first domestic ventures in this sector. His company plans to invest nearly $900 million in two assembly plants and test facilities. India aims to build a complete semiconductor ecosystem through partnerships with domestic giants like Tata and foreign companies such as Micron.
Critics note India lags decades behind chip leaders in Taiwan, the Netherlands, Japan and China. However, supporters argue the nation's 1.4 billion population and talent pool provide significant advantages. The country must still address bureaucratic challenges and attract skilled workers who previously sought opportunities abroad to succeed in this strategic industry.
