India business & markets
India Reaches Semiconductor Production Milestone, Plans Five to Eight New Plants
Prime Minister Modi announced on India's Independence Day that the country has begun production at three semiconductor manufacturing plants, marking a significant step in domestic chip capacity building. The government plans to add five to eight more facilities over the next seven to eight years as part of its broader semiconductor mission. This development represents India's shift toward technological self-reliance after years of relying on imports for critical chip components used across electronics, healthcare, and transportation sectors. The milestone comes as India strengthens its position in global semiconductor supply chains through the India Semiconductor Mission framework.
This moves India closer to reducing dependence on foreign semiconductor supply chains and creates a domestic foundation for electronics manufacturing. Semiconductor equipment makers, component sourcing firms, and electronics manufacturers targeting India will need to recalibrate supply strategies.