Semicon push reaches turning point as pvt investment begins to flow: Vaishnaw

India’s sweeping state-backed semiconductor drive -- supported by a strong design ecosystem and a large pool of engineering talent -- is beginning to attract private investment on its own, Union Minister Ashwini Vaishnaw said on Thursday.

Speaking at Bloomberg’s New Economy Forum in Singapore, Vaishnaw noted that the country’s efforts are now moving beyond government-led initiatives and creating confidence among global chipmakers.

"India’s sweeping state-backed semiconductor drive -- coupled with its growing design ecosystem and deep bench of engineering talent -- is helping the country reach a stage where private capital begins to flow in on its own," Vaishnaw stated.

Vaishnaw said India’s goal is to ensure that its semiconductor manufacturing capabilities are on par with major chip-producing nations by 2032.

He described the 2031–2032 window as the period when India will match the level many established countries have reached today, setting the stage for a fair and competitive global race.

"India’s semiconductor programme is still in its early stages, but the government has ramped up spending to attract chip designers and manufacturers," the minister mentioned.