The Indian semiconductor market was about $45-50 billion in 2024-2025 in opposition to $38 billion in 2023, the assertion stated, citing business estimates.
“As per business estimates, the scale of the Indian semiconductor market was about $38 billion in 2023, $45-50 billion in 2024-2025 and is predicted to succeed in $100-110 billion by 2030,” the assertion stated.
An in depth assertion highlighting the necessity for semiconductors, efforts of the federal government and response from the business cited the disaster confronted by numerous know-how segments particularly by the auto business attributable to dependency on choose geographies throughout the Covid pandemic and burdened on the necessity for creating India as trusted accomplice within the international provide chain.
“Presently, nations like Taiwan, South Korea, Japan, China and US dominate the semiconductor business. Taiwan produces greater than 60% of the world’s semiconductors, together with almost 90% of probably the most superior ones.
“Such dependence on a single area has uncovered international provide chains to vital dangers – from pandemics and pure disasters to geopolitical tensions. Recognizing this problem, many nations are actually constructing safe and diversified provide chains,” the assertion stated.
The US, European Union, Japan, and South Korea have launched nationwide methods to help home chip manufacturing and cut back over-reliance on a single area.
“India is rising as an vital and trusted accomplice on this international shift,” the assertion stated.
The worldwide semiconductor market is predicted to succeed in $1 trillion by 2030, with India’s market occupying a considerable portion of it.
India has the capability to emerge as a key contributor to the three major pillars of the semiconductor manufacturing provide chain – tools, supplies and companies and R&D.
It acknowledged that India can leverage a powerful base of MSMEs to supply parts for semiconductor tools and it has a wealthy supply of chemical substances, minerals and gases which may be utilised by semiconductor provide chain corporations. Providers R&D, logistics and provide chain, main expertise in AI, massive information, cloud computing and IoT are main strengths, the assertion stated.
The federal government has already launched India Semiconductor Mission in December 2021 with an outlay of Rs 76,000 crore to supply monetary help for investments in semiconductor fabrication, show manufacturing & chip design to strengthen India’s integration into international electronics worth chains.
Business gamers together with US reminiscence chip maker Micron, Tata Electronics (TEPL) in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) of Taiwan, CG Energy & Industrial Pvt Ltd in partnership with Renesas & Stars, Tata Semiconductor Meeting and Take a look at Pvt Ltd (TSAT), Kaynes Semicon, HCL-Foxconn JV have dedicated a complete funding of over Rs 1.55 lakh crore to supply semiconductors in India.
The federal government beneath the ISM has made a Rs 1000 crore provision for Design Linked Incentive for chip design out of which it has dedicated Rs 234 crore monetary help for eligible start-ups.
“The federal government had dedicated the help of Rs 234 crore for the chip design tasks from 22 corporations with a complete mission value of Rs 690 crore. These chips will likely be utilized in CCTV cameras, cellular networks, satellites, vehicles, good gadgets, and so forth.
The federal government beneath its imaginative and prescient for semiconductor ecosystem growth helps Semicon India which is a flagship occasion organised in partnership with SEMI (Semiconductor Tools and Supplies Worldwide).
The platform brings collectively international business leaders, policymakers, academia, and startups to foster funding, dialogue, and strategic partnerships.
“The 4th version is to be held in Delhi from September 2-4th, 2025. Semicon India 2025 co-hosted by India Semiconductor Mission (ISM) and SEMI will likely be held from September 2-4, 2025, at Yashobhoomi (IICC), New Delhi. It’s set to show India’s redefining function within the international semiconductor ecosystem,” the assertion stated.
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