By 2032, India’s semiconductor ambitions surge as the government targets global parity backed by investments, new fabs and growing design strength across the tech ecosystem, says IT minister.
India expects its semiconductor industry to match the capabilities of leading global chipmaking nations within the next decade, Union IT Minister Ashwini Vaishnaw said on Thursday. The goal is part of the government’s long-term plan to build a competitive and resilient semiconductor ecosystem.
According to a report by The Economic Times, the central government has committed $10 billion in incentives to support chip fabrication, assembly, testing and design. Vaishnaw said the shift from planning to execution has happened faster than anticipated. He was speaking at Bloomberg’s New Economy Forum in Singapore.
He said India aims to reach today’s levels of semiconductor strength seen in the US, China and other major players by 2031–2032. Once that milestone is achieved, the global competition would take place on a fair field, he added.
India’s semiconductor programme, launched only three years ago, has already drawn significant domestic and foreign investment. The minister said the country now has the foundations of a semiconductor ecosystem, with demand rising across electronics, automotive, telecom and advanced computing.
Micron is building a testing and packaging facility in Gujarat. Tata Group is preparing to bring a domestic fabrication plant online. Three Indian chip units are expected to begin commercial production early next year, according to Vaishnaw.
The announcement comes at a time when global chip powers, including Taiwan, South Korea, the US, China and Japan, are investing heavily to secure future supply chains and support growth in AI, mobility and high-performance computing.
Vaishnaw argued that India’s advantages extend beyond capital investment to its engineering talent and maturing design expertise. He said India’s capacity to address complex technical challenges would help accelerate its progress.
He also emphasised that India’s goal is to strengthen its own capabilities without undermining other nations. The global shift towards digital sovereignty, he noted, reinforces the need for each country to secure control over key technologies.
