India has already hit global benchmarks in the semiconductor sector, with products developed and exported from the country meeting world standards in terms of quality and cost, electronics and information technology minister Ashwini Vaishnaw said on Friday."We are already globally competitive," Vaishnaw said.
"The production that has started at all five plants is meeting the standards for export competition, both in terms of quality and cost.
So, we are globally competitive, and it is a very good journey.
Semicon 1.0 was all about laying the foundation, while Semicon 2.0 is about building on that foundation."Speaking to the press on the sidelines of the annual Semicon India Summit 2026 in the capital, Vaishnaw said the growth of the ecosystem in India has given the government confidence that more than 100,000 new jobs will easily be created in the semiconductor industry in the near future.Referring to the five chip packaging facilities that have gone live in the country, Vaishnaw said their products have encouraged other global investors.The Indian government has been driving a comprehensive programme to build a domestic semiconductor industry over the past half decade or so.
Five of the 12 projects sanctioned under the first phase of the Rs 76,000 crore India Semiconductor Mission (ISM 1.0) are operational now.
Semiconductor assembly, testing, marking and packaging (ATMP) units of Micron Technology, Kaynes Semicon and CG Semi began commercial production earlier this year.
ISM 1.0 was launched in December 2021 and operationalised a year later.Vaishnaw had said on Thursday that the government has seen investment interest of about $11-12 billion from companies as part of ISM 2.0, which was notified just a few weeks ago.Speaking at the inauguration of the fifth Semicon....
