India globally competitive in chips: Ashwini Vaishnaw
Speaking to the press on the sidelines of the annual Semicon India Summit 2026 in the capital, Vaishnaw said the growth of the ecosystem in India has given the government confidence that more than 100,000 new jobs will easily be created in the semiconductor industry in the near future.
India has already established itself as a globally competitive player in the semiconductor sector, according to Electronics and Information Technology Minister Ashwini Vaishnaw. Speaking at the Semicon India Summit 2026, Vaishnaw highlighted that the country's semiconductor products are meeting international standards in terms of quality and cost.
The production at all five semiconductor plants is now in full swing, meeting export competition benchmarks. This marks a significant milestone as the initial phase of Semicon 2.0, focusing on laying the foundation, comes to an end. Vaishnaw emphasized that the growth of India's semiconductor ecosystem has given the government confidence to create over 100,000 new jobs in the industry in the near future.
The government's comprehensive program to build a domestic semiconductor industry, known as the India Semiconductor Mission, has seen five projects out of 12 sanctioned under the first phase operational. Major players like Micron Technology, Kaynes Semicon, and CG Semi have already begun commercial production. Prime Minister Narendra Modi had previously stated that India's success in semiconductors will strengthen global supply chains amid the increasing geopolitical tensions surrounding these critical components.
The summit witnessed 23 Memorandums of Understanding being signed by participating companies. The India Deep Tech Alliance, comprising investors, technology giants, and venture capital firms, has invested Rs 2,170 crore in 56 deep-tech Indian companies over the past year. With over 300 foreign companies from 30 countries participating, the summit provides a platform for collaboration and investment in the semiconductor sector.
Vaishnaw assured foreign firms of the government's support in addressing challenges related to customs, transportation, and permissions. He also revealed that the government is considering the adoption of an educational model for high school students to establish tier-based competence in semiconductor manufacturing.
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