From The Economic Times · ET Bureau · · 1m 40s
India's semiconductor sector hits global standards
India's five chip packaging plants are now meeting world-class quality and cost benchmarks, with over 100,000 new jobs expected.
In brief
India's five chip packaging plants are now meeting world-class quality and cost benchmarks, with over 100,000 new jobs expected. India has moved from building foundations to competing globally in semiconductors, with operational plants already attracting international investors. Originally reported by The Economic…
India now globally competitive
Electronics minister Ashwini Vaishnaw says India's semiconductor products meet world standards for quality and cost. Five chip packaging plants are already operational and exporting.
“We are already globally competitive.”
Five plants now producing
Micron Technology, Kaynes Semicon, and CG Semi began commercial production in 2024. These assembly, testing, marking and packaging units are meeting export standards.
100,000 new jobs coming
The government expects the growing semiconductor ecosystem will create over 100,000 new jobs in the industry in the near future.
11 to 12 billion in interest
Companies have shown investment interest of 11 to 12 billion dollars for ISM 2.0, the second phase of India's semiconductor mission announced just weeks ago.
Two new facilities launched
Prime Minister Modi launched commercial production at Suchi Semicon's 868 crore facility near Surat and CDIL's expanded facility in Mohali.
23 MoUs signed at summit
The Semicon India Summit 2026 saw 23 memorandums of understanding signed by participating companies, with over 300 foreign firms from 30 countries attending.
Japan leads foreign interest
Japan and Singapore have the largest contingents at the summit. Sixty-eight Japanese companies are finalizing manufacturing, research plans and partnerships in India.
Government addressing logistics
Vaishnaw said the government will work with industry on customs, transportation and permissions issues. Green corridors for critical equipment movement are being considered.
The short version
India has moved from building foundations to competing globally in semiconductors, with operational plants already attracting international investors.
