With 5x the investment, India will be among top semicon producers by 2028: IT minister Ashwini Vaishnaw

Investment in the domestic semiconductor space will increase at least five times to 7.5 lakh crore, making India one of the top five semiconductor manufacturing nations by 2028, said Ashwini Vaishnaw, minister for electronics and IT, communications and railways.

Vaishnaw told Aashish Aryan, Surabhi Agarwal and Romit Guha that the government will be focused on execution of India’s first semiconductor fab project, by the Tata group, along with two other chip assembly proposals, in record time.