Introduction
India is accelerating its semiconductor ambitions with an expected market demand of $110 billion by 2030. The country is investing heavily in chip design, manufacturing, and talent development. The Ministry of Electronics and Information Technology (MeitY) recently organized the Nano Electronics Roadshow at IISc Bengaluru, showcasing India’s advancements in semiconductor technology.
With strong government support, increasing private investments, and growing industry-academia collaborations, India is positioning itself as a major global semiconductor hub.
Key Takeaways
Semiconductor demand is rising: India’s market is expect to grow from $45-50 billion in 2023 to $110 billion by 2030.
Government initiatives driving growth: The India Semiconductor Mission (ISM) offers subsidies and incentives to boost domestic manufacturing.
Industry-academia collaborations strengthening innovation: Over 100 intellectual properties (IPs) and 50 new technologies were unveiled at the event.
Workforce development is a priority: India plans to train 85,000 semiconductor professionals in the coming years.
Startups leading deep-tech innovation: The event featured 35 semiconductor startups working on next-generation chip technologies.
India’s Semiconductor Market: A Rapidly Growing Industry
India’s semiconductor industry is expanding at an unprecedented rate. The country currently imports nearly 100% of its semiconductor needs, but with rising domestic demand and strategic investments, this dependency is set to decline.
According to MeitY Secretary S. Krishnan, India’s current semiconductor demand is valued at $45-50 billion, with projections to surpass $100 billion by 2030. This growth is driven by 5G adoption, AI, IoT, electric vehicles (EVs), and consumer electronics.
Projected Growth of India’s Semiconductor Demand
| Year | Semiconductor Market Size |
|---|---|
| 2023 | $45-50 billion |
| 2025 | $55-65 billion |
| 2030 | $100-110 billion |
Government Support and Semiconductor Mission
The Indian government is playing a crucial role in developing the semiconductor ecosystem. The India Semiconductor Mission (ISM), launched in 2021, offers $10 billion in incentives to attract semiconductor manufacturers
Key Government Initiatives
Production-Linked Incentive (PLI) Scheme: Provides financial incentives up to 50% for semiconductor and display fab units
Design-Linked Incentive (DLI) Scheme: Supports semiconductor design startups with subsidies up to 50% of R&D costs.
Strategic Partnerships: India has signed agreements with TSMC (Taiwan), Intel, Micron, and Vedanta-Foxconn to boost chip manufacturing.
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Micron’s $2.75 Billion Fab in Gujarat
One of the biggest investments in India’s semiconductor space is Micron Technology’s $2.75 billion semiconductor assembly and test plant in Gujarat.
The facility, backed by 70% government subsidies, is expected to start operations by 2026.
Nano Electronics Roadshow: Driving Innovation
The Nano Electronics Roadshow showcased India’s progress in semiconductor research and innovation. Hosted at IISc Bengaluru, the event featured top academic institutions like IIT Bombay, IIT Madras, IIT Delhi, IIT Kharagpur, and IIT Guwahati.
Key Highlights
100+ Intellectual Properties (IPs) unveiled, strengthening India’s tech portfolio.
50 cutting-edge semiconductor technologies demonstrated by researchers.
35 deep-tech startups showcased innovative semiconductor applications.
48 student-led semiconductor projects presented, highlighting young talent.
Industry-academia partnerships are critical for semiconductor growth. The government is encouraging collaborations between universities and private companies to develop next-gen chip technologies. Abhishek Singh, Additional Secretary, MeitY,
New Industry-Academia Partnerships
The event witnessed four major Memorandums of Understanding (MoUs) signed between industry and academia. These include:
- IISc Bengaluru x KAS Technologies
- IISc Bengaluru x Antigone Solutions
- Center for Nano Science and Engineering x India Electronics & Semiconductor Association (IESA)
- Madnani Chemdist Novatech LLP x Primary Healthtech Private Limited
These collaborations will help accelerate R&D in semiconductor design and manufacturing.
Building India’s Semiconductor Workforce
A major challenge in India’s semiconductor growth is the shortage of skilled professionals. To address this, MeitY’s Nano Centers are training 85,000 semiconductor engineers over the next few years.
Current Workforce vs. Future Demand
| Category | Current Workforce | Target Workforce (2030) |
|---|---|---|
| Semiconductor Design | 20% of global share | 25-30% of global share |
| Semiconductor Manufacturing | Limited workforce | 50,000+ new professionals |
| Total Workforce | 75,000+ | 160,000+ |
| Government Subsidy | $10 billion+ in incentives | Increased funding for new fabs & R&D |
India already holds 20% of the global semiconductor design workforce, with companies like Qualcomm, Intel, NVIDIA, and AMD having R&D centers in the country. The goal is to expand India’s talent pool to 30% by 2030.
Future of India’s Semiconductor Industry
With rising demand, strong government support, and a growing workforce, India is set to become a key player in the global semiconductor supply chain.
Key Factors Driving Growth
Government incentives attracting global chipmakers.
Industry-academia collaborations fostering innovation.
Expanding talent pool for semiconductor design and manufacturing.
Increased domestic production reducing import dependence.
Strategic international partnerships boosting India’s capabilities.
By 2030, India aims to reduce semiconductor imports by 50%, ensuring self-reliance and boosting exports. With investments from Micron, Vedanta-Foxconn, and TSMC, India’s semiconductor industry is on the path to global leadership.
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Conclusion
With $10 billion in government incentives, growing private investments, and strong research collaborations, the country is set to achieve a $110 billion semiconductor market by 2030.
India’s semiconductor boom has just begun—and the world is watching.
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