Sunday, 16 March, 2025

India Targets 8-10% of Global Semiconductor Market by 2030 Amidst Supply Chain Challenges

India aims to capture 8-10% of the projected $420 billion global semiconductor market by 2030, equating to approximately $40 billion. Government initiatives have spurred interest among domestic suppliers; however, establishing a robust supply chain and attracting global investments remain significant challenges. Key areas requiring attention include capital subsidies, research and development support, operational incentives, and workforce training to bolster the semiconductor ecosystem.