India has taken a major step towards strengthening its semiconductor industry with the approval of four new manufacturing projects under the India Semiconductor Mission, totalling an investment of ₹4,600 crore.
According to The Times of India, the projects—spread across Andhra Pradesh, Odisha, and Punjab—are aimed at scaling up domestic chip production, reducing reliance on imports, and positioning India as a competitive force in the global semiconductor market.
The initiative is projected to create over 2,000 skilled jobs and involves strategic collaborations with leading global technology firms, including Micron Tech, Tata, and Foxconn.
Officials say the move aligns with India’s broader vision of technological self-reliance, enhancing economic growth and strengthening national security through innovation-driven industries. The development has also drawn international interest, with Singapore reportedly expressing willingness to explore semiconductor partnerships.
Prime Minister Narendra Modi, in a post on his verified X handle on Tuesday, said:
“India is making rapid strides in the semiconductor sector, building a robust ecosystem to power our digital future and drive global innovation. Today’s Cabinet decision relating to approval of semiconductor units in Andhra Pradesh, Odisha and Punjab will boost manufacturing capacity, create high-skilled jobs and position India as a key player in the global supply chain.”
The India Semiconductor Mission, launched to accelerate the country’s entry into advanced electronics manufacturing, is expected to significantly reduce import dependency while boosting export potential. Industry experts view this as a pivotal step in establishing India as a global hub for semiconductor design and manufacturing.
Credit: The Times of India.
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