Bloomberg reported on November 20 that India's Minister of Electronics and Information Technology, Ashwini Vaishnaw, stated that by 2032, India's chip manufacturing capabilities are expected to match those of the global leaders. Currently, India's semiconductor industry is still in its early stages. In December 2021, India launched the "India Semiconductor Mission" (ISM), introducing a $10 billion (10 billion USD) "Production Linked Incentive Scheme" (PLI). So far, ten companies, including Micron Technology Inc. and Tata Group, have been approved to build factories in India. By early 2026, three chip factories are expected to start commercial production. Despite this, there is still a huge gap between India and leading countries such as the United States, China, Japan, and South Korea in this industry, while the latter have invested hundreds of billions of dollars during the same period to strengthen domestic capacity, attract global leading enterprises, and improve the industrial chain system. To this end, the Modi government continues to promote industrial support programs, focusing on developing the local design ecosystem and engineering talent system, striving to shift the industry towards market-driven, and attracting more private capital and international chip giants to invest.
Original source: www.toutiao.com/article/1849489045126154/
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