India's Rs 76,000 Cr In Global Chip Race

India is emerging as a strong force in the global semiconductor race, driven by rising demand in sectors like AI, 5G, electric vehicles, and IoT. With the global chip market reaching $656 billion in 2024, India is aiming to establish itself as a key player through strategic investments and reforms.

The government’s Rs 76,000 crore ‘Semicon India’ programme is offering incentives to boost local chip production, design, and packaging. This initiative has already attracted over $20 billion in investments, reflecting rising confidence from global and Indian firms. States such as Gujarat, Karnataka, and Tamil Nadu are introducing semiconductor-friendly policies to further this push.

At the IESA Vision Summit 2025, India showcased its deep-tech strength, drawing global attention. With a domestic chip market expected to hit $103 billion by 2030, India is positioning itself not just for self-reliance but as a critical part of the global semiconductor supply chain.