The Frontier Tech Hub of the NITI Aayog has released a 10-year roadmap titled “Future of India’s Semiconductor Industry” to strengthen India’s position in the global semiconductor value chain.
The roadmap, unveiled by Union Minister Nirmala Sitharaman and Union Minister Ashwini Vaishnaw, aims to establish a semiconductor value chain worth $120–$150 billion by 2035, with India potentially capturing 10–13% of the global semiconductor market.
It is to bo noted that India imported semiconductor products worth $150 billion between FY17 and FY25. Projections suggest that annual imports could rise to $240 billion by 2035 if current trends continue.