The Indian government is reportedly planning to launch a ₹1 Lakh Cr (approximately $12.5 billion) fund to strengthen domestic chip production in the country. The proposed fund will offer subsidies for chip design projects, manufacturing equipment, and semiconductor supply chain development, aligning with India’s ambition to become a global semiconductor manufacturing hub.
According to industry estimates, the Indian semiconductor market is expected to grow to $100 Bn–$110 Bn by 2030. The government aims to significantly increase domestic manufacturing capacity to meet this growing demand.
In 2021, the India Semiconductor Mission was initiated with a ₹76,000 Cr budget to support semiconductor fabrication, display manufacturing, and chip design projects. The current programme for 2026–27 has an outlay of ₹8,000 Cr to boost investment, employment, and capabilities in semiconductor manufacturing.
Source: Inc42 Media