India’s semiconductor sector has recently received a significant boost with the Indian government’s cabinet approval for the second edition of the Semicon India Programme (Semicon 2.0). With a budgetary outlay of more than USD 10 billion, the initiative highlights the Indian government’s commitment to enhancing the nation’s position in the global semiconductor value chain and fostering a resilient, self-reliant semiconductor industry.
Building on the success of the first edition of the programme (Semicon 1.0), the industry has grown from USD 38 billion in 2023 to an estimated USD 45–50 billion in 2024–25. Industry estimates expect the sector to further double in size by 2030.
Over the next five years, the scheme is expected to attract investment of more than USD 42 billion, generate USD 21 billion in semiconductor production, and deliver nearly USD 10 billion in exports.
