PM Modi Positions India as Trusted Global Chip Hub

Prime Minister Narendra Modi on Thursday positioned India as a trusted destination for global semiconductor manufacturing, saying the government is taking all necessary measures through enabling policies, regulatory frameworks and support mechanisms to ensure the industry’s success.

India's semiconductor ecosystem is expanding rapidly. It is opening new opportunities for innovation, investment and growth. Addressing SEMICON India 2026 in Delhi. https://t.co/a7A2Rs89DI

— Narendra Modi (@narendramodi) September 17, 2026

Speaking at the inauguration of SEMICON India 2026, PM Modi said India’s semiconductor ecosystem is expanding rapidly, creating new opportunities for innovation, investment and economic growth.

“The world needs new and trusted locations for chip manufacturing, and India is preparing itself for this,” the Prime Minister said, highlighting the country’s efforts to emerge as a preferred destination for semiconductor manufacturing.

The energy at SEMICON India 2026 has to be seen to be believed!

I feel very proud that India is expanding its efforts in a sector such as semiconductors. pic.twitter.com/l5HBsR8E61

— Narendra Modi (@narendramodi) September 17, 2026

PM Modi said 12 semiconductor chip-making projects have been approved so far, with the number expected to rise during the next phase of the government’s semiconductor programme.

He also highlighted the expanded India Semiconductor Mission 2.0, whose outlay has been increased to USD 13.5 billion, compared with USD 8 billion under the first phase.

The Prime Minister said the government is working to provide manufacturers with the policies, regulatory framework and other support required to establish and expand semiconductor operations in India.

Building a Full Semiconductor Ecosystem

India is seeking to develop a comprehensive semiconductor ecosystem that extends beyond chip design and assembly. The strategy includes semiconductor fabrication, advanced packaging, testing, equipment, materials, research and development, and talent development.

The initiative is also aimed at strengthening India’s electronics manufacturing capabilities and reducing dependence on concentrated global supply chains.

India is seeking to leverage its large pool of engineering talent, growing domestic market and strategic position as global companies look to diversify semiconductor supply chains.

The government is backing the sector with significant incentives while seeking investments from global semiconductor and technology companies to develop an integrated industry covering chip design, fabrication, packaging and testing.

Applied Materials Announces USD 5 Billion Investment

Adding momentum to India’s semiconductor ambitions, Applied Materials announced plans on Thursday to invest USD 5 billion under its Vision 2035 initiative.

The investment is aimed at integrating India’s semiconductor ecosystem more closely with the global value chain.

The announcement comes as India seeks to establish itself as a significant global centre for semiconductor manufacturing and electronics production.