India's Semiconductor Industry and Global Role
Prime Minister Narendra Modi highlighted India's growing semiconductor industry at Semicon India 2025, emphasizing global trust and partnership with India. With delegations from over 40 countries, he underscored India's readiness to capture a significant share of the potential $1 trillion semiconductor economy.
Importance of Semiconductors
- PM Modi compared semiconductors to "digital diamonds," crucial for global growth.
- He stated that while oil shaped past economic trends, semiconductors would drive 21st-century trends.
India's Economic Growth
- India's GDP growth was 7.8% in Q1 FY26, outperforming expectations despite global uncertainties.
Growth in the Semiconductor Sector
- Streamlined processes and incentives like the chip-to-startup program and Design-Linked Incentive (DLI) scheme support sector growth.
- The DLI scheme is set for a revamp to enhance its effectiveness.
Role of Indian Talent
- 20% of the world's semiconductor design talent is Indian.
- India's youth is seen as a pivotal "human factory" for sector growth.
India Semiconductor Mission (ISM) Phase 2
- Progressing steadily with groundwork complete and ready for delivery.
- Government policies aim for long-term leadership in the industry.
Role of State Governments
- Encouraged to engage in competition to build a robust semiconductor ecosystem.
Semicon India 2025 Summit
- A three-day event from September 2–4, organized by ISM and SEMI, aimed to shape the future of semiconductors in India.
