India Approves ₹1.28 Lakh Crore Semiconductor Push to Boost Domestic Chip Manufacturing
India has approved a fresh semiconductor manufacturing package worth ₹1.28 lakh crore (around $13.3 billion), marking one of the country’s biggest investments in the electronics and semiconductor sector. The decision was announced by Union Information and Broadcasting Minister Ashwini Vaishnaw as part of the government’s effort to strengthen domestic chip production and reduce dependence on imports.
The new funding will support semiconductor fabrication, chip packaging and advanced electronics manufacturing in India. Officials say the initiative is expected to attract additional private investment, create thousands of high-skilled jobs and strengthen India’s position in the global semiconductor supply chain.
Semiconductors are used in smartphones, computers, electric vehicles, defence equipment, medical devices and artificial intelligence systems. As global demand for chips continues to grow, many countries are investing heavily to secure domestic manufacturing capacity.
Industry experts believe India’s latest investment could accelerate technology manufacturing and support the country’s long-term vision of becoming a major global electronics hub.
Conclusion
The new semiconductor package reflects India’s continued focus on high-tech manufacturing and economic growth. If implemented successfully, the programme could strengthen supply chains, encourage innovation and make India an important player in the global semiconductor industry.
