Future of India’s Semiconductor Industry Roadmap Targets $150 Billion Value Chain by 2035

Future of India's Semiconductor Industry

New Delhi: The Future of India’s Semiconductor Industry took a significant step forward as NITI Aayog’s Frontier Tech Hub released India’s first comprehensive 10-year semiconductor roadmap aimed at transforming the country from a major semiconductor consumer into a critical player in the global semiconductor value chain.

The roadmap, titled “Future of India’s Semiconductor Industry,” was unveiled by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, and Shri Ashwini Vaishnaw, Union Minister for Railways, Information & Broadcasting and Electronics & Information Technology.

The launch took place in the presence of Ashok Lahiri, Vice Chairman, NITI Aayog; Debjani Ghosh, Distinguished Fellow, NITI Aayog; Amitesh Kumar Sinha, CEO, India Semiconductor Mission (ISM); members of the Expert Council, industry leaders, and representatives from government, academia, and the semiconductor ecosystem.

The Future of India’s Semiconductor Industry roadmap comes at a time when semiconductors have emerged as a strategic asset underpinning national security, economic resilience, digital sovereignty, and technological competitiveness.

They power critical sectors including defence, telecommunications, artificial intelligence, healthcare, automotive manufacturing, digital public infrastructure, and advanced industrial systems.

As global semiconductor supply chains undergo major restructuring driven by geopolitical developments, technological shifts, and the growing demand for trusted manufacturing capacity, the Future of India’s Semiconductor Industry roadmap outlines a long-term strategy to capitalize on India’s strengths and emerging opportunities.

Also Read: India Notifies First Chip Fabrication Plant at Dholera SEZ to Boost Semiconductor Ecosystem

Developed through extensive consultation with industry experts and government stakeholders, the roadmap presents a clear vision for building a semiconductor value chain worth USD 120–150 billion by 2035.

The strategy is anchored around India’s established strengths in semiconductor design talent, innovation capabilities, expanding domestic demand, electronics manufacturing ecosystem, and material sciences. To drive growth, the roadmap identifies five interconnected pillars:

  • Pioneering frontier research and development and design intellectual property (IP)
  • Policy and investment frameworks to attract long-term capital
  • Production capabilities focused on advanced packaging and compound semiconductors
  • Development of talent across the semiconductor value chain
  • Strategic partnerships with trusted nations and global industry leaders

Under these pillars, the Future of India’s Semiconductor Industry roadmap sets ambitious targets, including establishing India as a leading destination for advanced packaging and Outsourced Semiconductor Assembly and Test (OSAT) services, becoming a major supplier of wide-bandgap semiconductors, building leadership in compound semiconductor manufacturing, strengthening advanced design capabilities, and creating more than 100 semiconductor design IPs.

The Future of India’s Semiconductor Industry roadmap also aligns with the priorities announced under the India Semiconductor Mission (ISM) 2.0 in the Union Budget 2026.

It signifies a transition from ecosystem creation to ecosystem deepening, focusing on expanding capabilities across semiconductor design, manufacturing, materials, packaging, talent development, research and development, and global collaborations.

Speaking at the launch, Nirmala Sitharaman said: “The NITI Frontier Tech Hub’s roadmap, ‘Future of India’s Semiconductor Industry’ is a clear declaration of India’s intent to move decisively from being a major consumer of chips to becoming an indispensable part of the global semiconductor value chain.

Semiconductors are the foundational infrastructure of the 21st century. They power AI, electric mobility, telecommunications, defence systems, healthcare technology, digital public infrastructure, and advanced manufacturing.

The roadmap released today rightly focuses on future segments where India can build strong positions: advanced packaging, compound semiconductors, wide-bandgap materials, and AI-native chip design. With this focused strategy, long-term perspective and sustained commitment, India is well placed to seize this historic opportunity.”

Highlighting the government’s broader vision for the sector, Ashwini Vaishnaw stated: “Semiconductors will define the next era of economic and technological leadership, and India is positioning itself as a trusted partner in that journey.

Our focus is on building the full ecosystem — design, talent, materials, equipment, fabs and advanced packaging — so that global companies and partner countries can look to India as a dependable, long-term pillar of the semiconductor supply chain.

With ISM 2.0, design is our clear number one priority. We are strongly supporting Indian design companies so that their innovations can be manufactured and scaled right here in India.

As the Prime Minister guided us, this is a 20-year journey. It is central to our technological sovereignty and strategic autonomy as we build Viksit Bharat 2047.”

Also Read: Kinetic Technologies Secures $85 Million Deal as Cyient Semiconductors Acquires Majority Stake

Emphasizing the strategic significance of semiconductor self-reliance, Ashok Lahiri said: “One of the biggest risks India carries today is its dependence on technology controlled by others.

Sovereignty in this century will begin with the infrastructure layer, and semiconductor leadership is part of that foundation. The NITI Frontier Tech Hub roadmap matters because it sets out a clear ambition for India and a practical path to get there.”

Debjani Ghosh underscored the long-term nature of semiconductor development and the need for proactive planning. She said: “Semiconductors are a long-cycle industry. The capabilities that will define leadership in 2035 have to be anticipated, planned and built today.

This roadmap is therefore not just about responding to current demand; it is about identifying where technology value is moving and making deliberate choices on where India can build enduring advantage.

Our focus has been to create a practical ten-year pathway that helps India move beyond participation to strategic depth — across design, advanced packaging, compound semiconductors, talent, R&D and ecosystem readiness. In frontier technologies, timing matters. Countries that plan early, invest consistently and build capabilities patiently are the ones that lead.”

The Future of India’s Semiconductor Industry roadmap reflects India’s ambition to secure a larger role in the evolving global semiconductor landscape while strengthening domestic technological capabilities.

By focusing on advanced packaging, compound semiconductors, research and development, talent creation, and trusted international partnerships, the roadmap seeks to position India as an indispensable participant in the global semiconductor ecosystem by 2035.

The NITI Frontier Tech Hub serves as an action-oriented platform supporting the vision of Viksit Bharat by anticipating major technological shifts and preparing India to harness frontier technologies for economic growth, societal advancement, and strategic resilience.

Working with more than 100 experts from government, industry, and academia, the Hub is developing long-term strategies to strengthen India’s readiness across critical emerging technologies.

Author

  • Salil Urunkar

    Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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