📊Executive Summary

India's semiconductor industry faces significant challenges in developing world-class manufacturing capabilities, as highlighted in a recent report by NITI Aayog’s Frontier Tech Hub. Despite the government's prioritization of chipmaking, the country lacks a single fabrication unit, with the first expected to open in Dholera, Gujarat by 2028. The report emphasizes the need for local semiconductor production to mitigate risks from geopolitical pressures, particularly concerning national security. The India Semiconductor Mission (ISM) aims to invest ₹76,000 crore into various semiconductor projects, but the industry requires a decade-long commitment to build a robust ecosystem. The report also stresses the importance of developing sovereign design capabilities and suggests a shift in focus from cutting-edge chips to more mature technologies to ensure bankability and strategic relevance....