India’s semiconductor market is poised for remarkable growth, with projections indicating that it will surpass $100 billion by 2030. This ambitious forecast was shared by the Ministry of Electronics and Information Technology (MeitY), highlighting the nation’s increasing demand for semiconductors, which currently stands at $45-50 billion.
- Krishnan, Secretary of MeitY, emphasized the critical role of innovation and talent development in achieving this milestone. Speaking at the Nano Electronics Roadshow held at IISc Bengaluru, he underscored the importance of fostering a semiconductor-ready workforce of 85,000 professionals. The event showcased over 100 intellectual properties, 50 groundbreaking technologies, and innovations from 35 promising startups, all supported by six state-of-the-art nanoelectronics centers across India.
The India Semiconductor Mission, one of the world’s most extensive subsidy and grant programs, is a cornerstone of this growth. With 70-75% of investments in major semiconductor facilities coming from taxpayer money, the mission reflects a collective effort involving the government, industry, and academia.
India’s strategic focus on developing its own fabless companies and strengthening its intellectual property base is expected to further bolster the semiconductor ecosystem. This growth trajectory positions India as a key player in the global semiconductor industry, driving technological advancements and economic development.
