India aims to meet 50% of semiconductor demand domestically by FY35: Ministry of Electronics and IT
India is aiming to reach a significant technological and manufacturing milestone, with 50 per cent self-reliance in semiconductor demand by the fiscal year 2035, according to the estimates by the Ministry of Electronics and Information Technology (MeitY).
Over the next 10 years, it is expected that domestic manufacturing capacity would substantially increase, shows MeitY estimates.
The estimates highlighted that India is working to reduce its excessive reliance on imports, with multiple semiconductor production and assembly facilities already under construction.
