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Chips and Alliances
The semiconductor sector has become a strategic priority. India is actively courting global chipmakers through incentive schemes and joint ventures. By 2026, the first wave of fabrication units could break ground.
Strategic Moves
- Incentive disbursements: The Production Linked Incentive scheme for semiconductors is disbursing funds to shortlisted applicants.
- Design ecosystem growth: Indian semiconductor design houses are scaling up, supported by government grants.
- Foreign direct investment: Several Southeast Asian and European firms have signaled intent to set up assembly plants.
Challenges persist, particularly around water-intensive manufacturing and skilled labor shortages. Still, the policy momentum is unmistakable.
