Under the India Semiconductor Mission (ISM), the government has secured investment commitments exceeding Rs 1.65 lakh crore
As the Indian government actively supports the semiconductor industry, major players and industry leaders are also showing growth. Recently, the Chairman of Bharat Forge, Baba Kalyani, told a news portal that the company has entered the billion-dollar semiconductor industry and is currently working with three of the world’s five largest semiconductor companies, with major orders already secured.
He mentioned that his company is actively working on a new semiconductor project and is partnering with several companies to manufacture parts for lithography machines, a critical component of chipmaking equipment.
Under the India Semiconductor Mission (ISM), the government has secured investment commitments exceeding Rs 1.65 lakh crore across 12 approved semiconductor fabrication, assembly, testing, and packaging (ATMP) projects. Initially launched with a Rs 76,000-crore allocation, the initiative is now being broadened under ISM 2.0 to encompass semiconductor equipment and materials, as well as the development of indigenous intellectual property, further strengthening India’s semiconductor ecosystem.
Highlighting Bharat Forge’s export footprint, Kalyani said, “Exports form almost 40% of our total defence sales.” He added that “there’s a major change taking place in defence across the world,” creating opportunities across India, the US and Europe.
Kalyani also emphasised the importance of international collaboration, saying, “We need India to have more partnerships with foreign companies.”
