India targets tech resilience, not self-sufficiency, with 20-25-year roadmap, Ashwini Vaishnaw says
Ashwini Vaishnaw said India was identifying areas where dependence on other countries could leave its production and economy vulnerable to changing policies and geopolitical tensions.
India has unveiled a multi-decade plan to reduce its reliance on foreign technology and bolster its capacity to endure global disruptions, according to Union Minister Ashwini Vaishnaw. Speaking at the Bloomberg New Economy Forum in New Delhi, Vaishnaw emphasized that the country aims to become a dependable participant in global technology supply chains rather than striving for complete self-sufficiency.
He stressed the importance of constantly adapting its approach due to the ever-evolving nature of politics and geopolitics. Vaishnaw highlighted the need to build domestic capabilities in strategically important areas while maintaining integration with global value chains, identifying sectors where dependence on other nations could leave India vulnerable to policy changes and geopolitical tensions.
The minister outlined short-term, medium-term, and long-term goals spanning 20 to 25 years, focusing on developing the full semiconductor ecosystem, including materials, chemicals, gases, and substrate materials, alongside chip design and manufacturing. Vaishnaw acknowledged the necessity to increase research and development spending, particularly in applied research, and cited India's progress in developing a 4G telecom stack through public-private collaboration as an example of the country's gradual shift from assembly to components manufacturing.
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