India, Feb. 4 -- The Government of India has issued a release:

2020-21

2021-22

2022-23

2023-24

2024-25 (E)

152

178

194

214.4

224.4

Domestic

45

49

51

54.4

58.2

Total Revenue

196

227

245

269

283

The semiconductor development strategy is inspired by Prime Minister's vision of Atmanirbhar Bharat and Make in India, Make for the world. As part of this strategy, India aims to develop a complete ecosystem, ranging from design, fabrication, assembly, testing, packaging and module manufacturing.

Given the foundational nature of semiconductor industry for the economy, the Government launched the 'Semicon India Programme' with a total outlay of Rs. 76,000 crorefor the development of semiconductor and display manufacturing ecosystem in the country. Following are salient achievements under this Programme:

* Government has approved 10 projects with envisaged investments of about Rs. 1.6 Lakh Crore which includes 2 fabs and 8 packaging units. These units inter-alia include CMOS (Silicon) fab, Silicon Carbide fab, advanced packaging, memory packaging, etc. These projects are in various stages of implementation and pilot production has started in 4 units.

* 24 chip design projects have been supported through startups. 16 have completed tapeouts and 13 have received VC funding.

* 350 universities have been provided access to EDA tools, used by 65 thousand engineers

The details of the approved Semiconductor manufacturing facilities are placed in Annexure.

Government has setup India Semiconductor Mission (ISM) as nodal agency for appraisal and recommendations of such semiconductor projects. In-addition to the semiconductor experts, the representatives from various ministries/Departments are also present to advise ISM.

For IT Sector, The Government of India is actively promoting its growth, especially in smaller towns and cities. The performance of this sector over the last 5 years and estimates for 2024-25, as published by the National Association of Software and Services Companies (NASSCOM), is mentioned below:

(in USD Billion)

(E) Estimate

Foreign Direct Investment in "Computer Software and Hardware" sector and "Services"in the IT Sector is published online by Department from Promotion of Industries and Internal Trade (DPIIT) on their website on quarterly and yearly basis. Similarly, investment details of approved projects under India Semiconductor Mission are also reported publicly by Press Information Bureau.

Disclaimer: Curated by HT Syndication.