Daijiworld Media Network- New Delhi
New Delhi, Mar 28: India’s semiconductor market is set to exceed $100 billion by 2030, driven by rapid advancements in electronics manufacturing and government-led initiatives, the Centre announced on Thursday.
With growing demand for chips across industries such as automotive, telecommunications, and consumer electronics, India is positioning itself as a key player in the global semiconductor supply chain. The government’s Production-Linked Incentive (PLI) schemes and partnerships with leading chip manufacturers have further accelerated this growth.
Officials highlighted that investments in semiconductor fabrication, research, and design are gaining momentum, with major global players showing keen interest in setting up operations in India. The country’s push for self-reliance in chip production aligns with its broader vision of becoming a global electronics hub.
Experts believe that with continued policy support and infrastructure development, India could emerge as a significant contributor to the global semiconductor industry in the coming years.
