📊Executive Summary

The Indian semiconductor market is projected to grow significantly, reaching US$ 161 billion by 2033, driven by government support and rising demand from sectors like AI, 5G, and EVs. CG Power and Industrial Solutions is establishing India's first OSAT facility in Gujarat, backed by a Rs 76 billion investment and government fiscal support. Kaynes Technology India is also investing Rs 33 billion to set up a semiconductor unit in Gujarat, with a capacity of 6 million chips per day, targeting various industries including consumer electronics and automotive. These developments indicate a strong growth trajectory in India's semiconductor manufacturing capabilities, which could impact sourcing strategies for companies involved in electronics....