📊Executive Summary

In 2024, India's initiative to develop indigenous microchip manufacturing is yielding significant results, particularly in response to past supply shortages experienced during the COVID-19 pandemic. The Indian government has implemented the Design Linked Incentive (DLI) scheme to attract foreign investment and expertise in semiconductor production. Notable developments include the approval of three semiconductor plants, including a major fabrication unit in Gujarat by Tata Electronics, which will produce chips using 28 nm technology for various sectors such as automotive and consumer electronics. This push aims to reduce India's dependency on imports and strengthen its position in the global semiconductor market, projected to grow significantly in the coming years....