India needs 10-20 chip fabs over next 10 years, says SEMI president

India will need 10-20 semiconductor fabrication plants over the next 10 years and there is a lot of interest from global semiconductor companies to invest in the country, Ajit Manocha, president and CEO of global semiconductor industry body SEMI, said on Wednesday.

Comments from Manocha assume significance as the government is focussing on growing the semiconductor ecosystem in the country backed by the Rs 76,000 crore incentive scheme. The government’s plan is also to increase the corpus for incentivising more projects as part of India Semiconductor Mission 2.0, for which the guidelines are in the works.