Top News

Union Information Technology Minister Ashwini Vaishnav.

Chip making work is going on at a rapid pace in India, due to which the semiconductor industry is growing. Union Information Technology Minister Ashwini Vaishnav on Thursday said India hopes that its domestic semiconductor industry will stand shoulder to shoulder with the world's chip manufacturing powers, including the US and China, in the next decade.

This target is part of the central government's semiconductor ambitions, supported by a $10 billion incentive program aimed at building large-scale manufacturing and assembly and design capabilities.

level playing field

Speaking at Bloomberg's New Economy Forum in Singapore, Vaishnav said the work from blueprint to implementation has happened much faster than expected. He said that in terms of semiconductors, by 2031-2032 we will reach the level of many of these countries today. Then it will be a very fair and level playing field.

Testing and packaging plant started

India's semiconductor strategy, which has been in place for about three years, has already started attracting large global and domestic investments. Vaishnav said that for example, we started the semiconductor journey only three years ago. Today, we have a semiconductor ecosystem. Micron Technology has started setting up a testing and packaging plant in Gujarat, while Tata Group is among the companies preparing to bring domestic silicon manufacturing online. According to the minister, three Indian chip plants are expected to start commercial production early next year.

These countries are ahead in global chip sector

India's ambitions come at a time when global chip sector leaders – from Taiwan and South Korea to the US, China and Japan – are spending billions of dollars expanding their capabilities to ensure the supply of future technologies such as AI, electric mobility and advanced computing. Vaishnav argued that India's strengths go beyond capital investment and include its depth of engineering talent and mature design.

He said that our design capabilities, ability to look at complex problems and a talent pool that can be deployed seamlessly into any major technology area. These are all areas that will help us gain momentum.

India's aim is not to weaken anyone

He stressed that India's aim is not to weaken other countries, but to build its strength responsibly. Vaishnav told Bloomberg that we should strengthen our borders, make ourselves stronger and increase our capabilities instead of reducing the capabilities of others, this is what our Prime Minister says. This change is also in line with the broader thinking in global technology policy. He said that digital sovereignty is an issue about which every country today thinks in the sense that we have the ability to control our future.