India's semiconductor sector poised for rapid expansion, Modi tells industry leaders

Modi's remarks at the semiconductor industry's flagship conference reflect the government's push to position India as a significant player in global chip manufacturing and design. The Prime Minister said the domestic semiconductor ecosystem is expanding at a rapid pace, creating multiple avenues for companies to scale operations and invest in research and development.

The comments come as India seeks to reduce its dependence on imports and build indigenous capabilities in semiconductor production. The government has launched initiatives including the Semicon India Programme and Production-Linked Incentive scheme to attract domestic and foreign manufacturers to set up facilities in the country.

Industry observers say Modi's statements signal continued government backing for the sector at a time when global supply chain disruptions have underscored the strategic importance of semiconductor self-sufficiency. The expansion of India's chip ecosystem is expected to create employment opportunities and contribute to the broader manufacturing ambitions outlined under the Make in India initiative.

SEMICON India 2026 serves as a platform for industry stakeholders, policymakers, and technology leaders to discuss developments in chip manufacturing, design, and the broader electronics supply chain. The conference underscores India's growing role in attracting international semiconductor investments amid global efforts to diversify production away from concentrated geographic regions.