The Positive Trajectory of the Indian Semiconductor Industry

The Positive Trajectory of the Indian Semiconductor Industry The India Semiconductor Mission has recently approved 2 projects amounting for over INR 3,900 crore. The Mission has already approved 7 large-scale projects. Below are the ones that received approval between 2023 and 2026. Projects Approved Under India Semiconductor Mission, 2023–2025 Project/Company Description State Approval HCL Group + Foxconn OSAT Unit Uttar Pradesh May 2025 CG Power and Industrial Solutions Expanded OSAT Approval Gujarat November 2024 Kaynes Semicon OSAT Unit Gujarat September 2024 Tata Electronics + Powerchip Semiconductor Manufacturing Corporation Silicon Wafer Fab Gujarat February 2024 Tata Semiconductor Assembly and Test ATMP Unit Assam February 2024 CG Power and Industrial Solutions + Renesas Electronics + Stars Microelectronics OSAT Unit Gujarat February 2024 Micron Technology ATMP (Memory Packaging) Gujarat June 2023 Source: Secondary Research What does it mean for the Indian Semiconductor industry? From relying on chip design, electronics assembly, and imports, to building semiconductor packaging plants, water fabrication ecosystem, and testing & assembly infrastructure, India is now focusing on creating a robust supplier ecosystem and logistics network. This will also give well-deserved employment opportunities to a pool of skilled labor force. With India positioning itself as an alternative semiconductor manufacturing destination and a trusted supply chain partner for Western and Asian firms, the semiconductor industry in the country is going toward a positive trajectory, also highlighted in a planned execution path given below. India Semiconductor Mission Timeline, 2021–2025 Year Phase Key Character 2021 Policy launch ₹76,000 crore scheme announced 2022 Setup phase Guidelines + first proposals 2023 First approvals Tata, Micron project approvals 2024 Budget scaling Higher MeitY + fab allocations 2025 Execution surge Global strategic partnerships The India Semiconductor Mission is now focusing on global ecosystem through these umbrella cooperation frameworks. US–India semiconductor corridor: A strategic partnership linking US chip design, equipment, and R&D strengths with India’s emerging manufacturing and talent base to diversify global semiconductor supply chains away from concentrated hubs. Japan–India tech supply chain: A collaboration focused on semiconductor materials, fabrication equipment, and workforce development, leveraging Japan’s advanced manufacturing ecosystem and India’s expanding production capabilities. EU semiconductor resilience network: A cooperation framework aimed at strengthening secure and diversified chip supply chains through shared R&D, standards alignment, and reduced dependency on single-region semiconductor production.