India should target to build $120-$150 billion semiconductor value chain by 2035: NITI Aayog
India should target building a $120-150 billion semiconductor value chain by choosing leadership and purpose over participation by 2035, a NITI Aayog report said on Friday.
The Centre should commit at least one-third of the required investment to de-risk projects and anchor long-term investor confidence, the report, ‘Future of India’s Semiconductor Industry’, suggested.
Instead of chasing the global wafer race from behind, India should define its own pathway-one that is not only distinct but shaped by strategic self-sufficiency, ecosystem strength and global indispensability, the report said.
