Article Title: As imports of semiconductor chips rise, India eyes local production
10-03-2025
Economy Prelims Plus
Context
At the World Economic Forum in January, Minister of Electronics and Information Technology Ashwini Vaishnaw announced that India’s first domestically manufactured semiconductor chip will be rolled out this year. Through domestic production, India aims to reduce its increasing import dependency.
Five manufacturing facilities are under construction for the manufacturing and assembly of semiconductor chips.
The Semicon India Programme, launched in 2021, aims to develop the semiconductor and display manufacturing ecosystem.
Monolithic ICs constitute nearly 2.09% of India’s total imports in FY25 (April-November), a considerable jump from 0.19% in FY16.
In the past 10 years, except FY19, China has been the major supplier of semiconductor chips to India, accounting for nearly one-third of the import value every year.
Hong Kong, Japan, South Korea, Singapore, and Taiwan have also been major suppliers to India
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