India Sets Ambitious Semiconductor Goal

India should aim to become a global semiconductor powerhouse rather than remain a limited participant in the sector, according to a NITI Aayog report. The report recommends building a semiconductor value chain worth 120–150 billion dollars (approximately ₹14.25 lakh crore) by 2035. It also suggests that the government should contribute nearly one third of the required investments to boost investor confidence and accelerate industry growth.

The report, titled “Future of India’s Semiconductor Industry”, estimates that investments of 135–180 billion dollars (around ₹17.10 lakh crore) will be needed over the next decade. These investments would support semiconductor design, fabrication, advanced packaging, materials production, and infrastructure development. The report emphasizes creating a globally competitive ecosystem within the country.

Currently, India meets nearly 90 to 95 percent of its semiconductor demand through imports. NITI Aayog warns that excessive dependence on imports could pose risks to the country's digital and strategic sectors. The report projects that India’s semiconductor market could reach 200 billion dollars by 2035 and stresses the importance of achieving technological self-reliance through innovation, skilled workforce development, and long-term policy support.