India Unveils ₹100,000 Crore Grand Plan to Showcase 'Made in India' Chip Prowess
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India's ₹1 Lakh Crore Chip Revolution: Aims for Global Hardware Powerhouse Status
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News18•13-03-2026, 12:08
India's ₹1 Lakh Crore Chip Revolution: Aims for Global Hardware Powerhouse Status
•India launches a ₹1 lakh crore mega-fund to accelerate semiconductor manufacturing, aiming to become a global hardware powerhouse.
•The fund, expected in 2-3 months, will subsidize chip design projects, state-of-the-art manufacturing equipment, and supply chain development.
•This initiative builds on the 2021 $10 billion incentive program, which attracted companies like US-based Micron Technology to India.
•India seeks to attract global giants, replicating the success seen with Apple, where 25% of iPhones are now assembled domestically.
•Tata Group and Micron Technology are establishing units in Gujarat, with Union Minister Ashwini Vaishnaw targeting India as a top chip producer by 2032.
