NITI Aayog Releases Semiconductor Roadmap

India — NITI Aayog released a comprehensive report titled 'Future of India's Semiconductor Industry', outlining a strategic roadmap for India to build a $120-150 billion semiconductor value chain by 2035. The report emphasizes the critical need for India to achieve self-reliance in semiconductor manufacturing for economic resilience, national security, and technological sovereignty, especially given the current 90-95% import dependence. It recommends that the Indian government commit at least one-third of the estimated $135-180 billion cumulative investment required over the next decade to de-risk projects and attract private capital. The report highlights the growing domestic demand, projected to reach $200 billion by FY2035, and the vulnerabilities of global supply chains. Ashok Lahiri, Vice Chairman of India — NITI Aayog, underscored the foundational role of semiconductors in modern economic power and India's aspiration to become a developed nation by 2047. The report also points out India's strengths in semiconductor design and the ongoing development of its first fabrication plant in Gujarat's Dholera, expected to begin production by 2028.