The government announced on Tuesday that 12 Memorandums of Understanding were inked as part of “Semicon India 2025” to create indigenous technology in sectors such as camera modules, microphone buds, small packaging, and talent development ecosystem.
With nearly $1 billion already pledged, Union Electronics and IT Minister Ashwini Vaishnaw announced the creation of the Deep Tech Alliance to further boost innovation.
The Alliance will initially concentrate on semiconductors before branching out to other cutting-edge industries like biotechnology, sustainable energy, quantum technologies, and space. According to the minister, this will give developing deep tech businesses much-needed venture capital backing.
He added that exports will play a crucial role in the ten projects that have been approved, guaranteeing that Indian-made chips will be available in both domestic and international markets.
According to independent research, India’s semiconductor output is already 15–30% more cost-competitive than international standards.
Vaishnaw emphasized that India ensured professional evaluation for long-term progress rather than expediting project approvals. India is gaining traction in an industry where growth increases exponentially once the foundation is established, with two factories already in place and more on the horizon.
Prime Minister Narendra Modi was also given 20 chips created and produced by Indian students at the Semi-Conductor Laboratory (SCL) as part of a special program.
According to Vaishnaw, India is developing a rich talent pool that already makes up close to 20% of the worldwide semiconductor workforce, with 78 universities adopting cutting-edge EDA tools.
With more than 28 firms progressing from project to product, India is also fostering its design and startup ecosystem. While organizations like IIT Madras have published native microcontrollers and CPUs, recent Memorandums of Understanding cover entire IoT chipsets and camera systems. A portfolio of valuable intellectual properties has been produced under the Design Linked Incentive (DLI) program, and 25 priority products have been selected for further development.
India is well-positioned to become a global leader in semiconductors, fulfilling the Prime Minister’s goal of making India the world’s semiconductor powerhouse, thanks to an industry prediction of $1 trillion by 2030 and the country’s strong talent, trust, and technological positions.
Vaishnaw presented PM Modi with the first batch of Made-in-India chips from a pilot line, marking a significant milestone in India’s semiconductor history.
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