Speaking from the Red Fort on India's 80th Independence Day, Prime Minister Narendra Modi laid out the country's semiconductor ambitions: India has begun production at three semiconductor plants, with five to eight more expected to come up over the next seven to eight years.
Production has already begun at three semiconductor plants, with exports also underway. The three companies currently in commercial production are Micron, Kaynes and CG Semi.
In July 2026, the government approved Semicon 2.0 with an outlay of Rs 1,27,500 crore. The programme is designed not only to support chip manufacturing but also semiconductor intellectual property, chip design and system design.
The goal is to reduce India's dependence on imported chips and critical manufacturing inputs while helping domestic companies move up the value chain from assembly to design and high-end manufacturing.
With the first semiconductor fab expected to start operations in 2028, the programme could strengthen India's electronics supply chain, attract global investments and create a larger role for the country in the global semiconductor industry.
The government's technology ambitions extend beyond semiconductors, with Modi highlighting quantum computing, artificial intelligence, space technology and data centres as emerging areas where India needs to build greater capability.
