Monday, 9 December, 2024

India’s Semiconductor Chip Imports Hit ₹1.71 Lakh Crore In Last Fiscal

India imported semiconductor chips worth ₹1.71 lakh crore during the previous fiscal year, highlighting its heavy reliance on international suppliers for electronics manufacturing. The government is actively promoting domestic chip production under its semiconductor mission to reduce dependency and boost self-reliance. These efforts aim to meet the growing demand for chips driven by advancements in technology, smartphones, and industrial automation in the Indian market.