“For making India self-reliant, five things are necessary — Intent, Innovation, Investment, Inclusion, Infrastructure. We must first create a robust local supply-chain to help India play a key role in the global supply-chain. We have been working continuously to create a favourable ecosystem for investment and business. Lakhs of MSMEs in India are the engines of India’s overall growth. Today, the rest of the world holds India in high regard and has trust in our country. The world is looking for a trustworthy partner. India has the potential and capability to ensure that we are that partner."

These profound and sincere words from PM Modi clearly highlight the modern, globally competitive and India-centric approach of Modinomics, without being inward-looking, when it comes to Make in India.

Under Prime Minister Modi, India’s semiconductor market is set to grow from $38 billion in 2023 to $110 billion by 2030, fuelled by the Modi government’s India Semiconductor Mission (ISM).

ISM with a Rs 76,000 crore outlay is set to boost local manufacturing, design and talent. On 12th August, 2025, four more semiconductor units were approved, with an outlay of Rs 4,600 crore. Total approved projects under ISM reached 10 with cumulative investments of over Rs1.60 lakh crore in over 6 states.

India is emerging as a global Semiconductor hub with major investments and events like SEMICON India 2025, which saw participation from over 300 global exhibitors and 18 countries, signalling India’s rise as a trusted chip partner. 278 colleges in India are teaching and using Electronics Design Application (EDA) tools. Almost 60,000 people have already been trained as we move ahead in making India a top-class Semiconductor powerhouse.

India is also actively engaging Malaysia, Japan, South Korea & Singapore as its research partner nations. The goal is to produce 91 million chips per day once the planned projects are operational in the coming years. The strategy heavily relies on developing Assembly, Testing, Marking, and Packaging (ATMP), which contribute significantly to the total value of a chip. Over $21 billion in investments have been announced across various projects, creating a strong pipeline for the Semiconductor ecosystem.

Semiconductors are at the heart of modern technology. We can recall the acute shortage of chips that the world faced following the Covid-19 pandemic and the Ukraine-Russia war that affected the manufacturing of cars, Mobile phones and other electronics.

The rapid adoption of artificial intelligence and machine learning, both at the edge and in cloud data centres, is fuelling the need for high-performance, energy-efficient chips that can handle complex computing tasks in real time. The global demand for chips is........

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