India plans to achieve semiconductor manufacturing parity with the US and China by 2032, backed by a $10 billion investment. This move is crucial for enhancing its technological capabilities.

India is setting its sights on achieving semiconductor manufacturing parity with global leaders like the US and China by 2032. Union IT Minister Ashwini Vaishnaw highlighted this ambition during the Bloomberg New Economy Forum in Singapore. The Indian government is backing this initiative with a $10 billion incentive program designed to bolster large-scale manufacturing, assembly, and design capabilities in the semiconductor sector. This strategy has already begun to attract substantial investments, with Micron Technology establishing a testing and packaging plant in Gujarat and Tata Group working on domestic silicon fabrication. Vaishnaw emphasized that India's strengths lie not only in financial investment but also in its engineering talent and design capabilities. He stated that the goal is to enhance India's technological prowess without undermining other nations. This initiative aligns with a global trend towards digital sovereignty, where countries seek to control their technological futures.