India Aims for $150 Billion Semiconductor Value Chain by 2035, Says NITI Aayog

NITI Aayog has advised India to develop a $120-150 billion semiconductor value chain by 2035, focusing on leadership rather than mere participation. A new report suggests the government should furnish at least one-third of these investments to mitigate project risks and boost investor assurance.

The strategy recommends that India carve out a unique route in the semiconductor field to secure long-term relevance and self-reliance. The country's domestic semiconductor market is anticipated to reach around $200 billion by the same year, though currently reliant on imports for most of its demand, posing significant risks.

For sustained growth and decreased import dependency, the report proposes vital investments in design, fabrication, and critical infrastructure, supported by stable policies and incentives. This initiative forms part of India's larger ambition to become technologically sovereign and enhance its global standing in the semiconductor industry.

(With inputs from agencies.)