NITI Aayog Sets US Dollar 120-150 bn Semiconductor Target
ECONOMY & POLICY

NITI Aayog Sets US Dollar 120-150 bn Semiconductor Target

NITI Aayog has set a target of building a US dollar 120 to 150 billion (bn) semiconductor value chain by 2035 and released a 10-year blueprint in May 2026. The Frontier Tech Hub document outlines a phased strategy to move India from downstream consumption to an integral node in the global chip ecosystem. The roadmap follows the Union Budget 2026 announcement of ISM 2.0 and shifts focus from ecosystem creation to scaling capabilities.

The strategy endorses a differentiated More-than-Moore approach that leverages India’s strengths in chip design and targets niche segments rather than competing on leading foundry nodes. By 2035 India is projected to capture 10 to 13 per cent of the global semiconductor market while supporting a domestic market valued at US dollar 200 bn. It aims for 35 to 50 per cent self-sufficiency in demand and to retain 55 to 70 per cent of value capture domestically.

The roadmap is built around five pillars — Pioneering, Policy and Investment, Production, People and Partnership — to address capital intensity, talent shortages and long gestation. It proposes tiered support for electronic design and automation tools, a national design and packaging platform and an AI-enabled mission to accelerate design cycles. The Policy and Investment pillar estimates cumulative investments of US dollar 135 to 180 bn over the next decade and envisages the government providing about one third, around US dollar 45 to 60 bn, through a dedicated support fund to crowd in capital.

The Production pillar prioritises selective depth with wafer fabrication focused on mature logic nodes between 28 nm and 65 nm, specialty analog chips and opportunities in wide-bandgap materials. The plan aims for India to be a top three destination for outsourced semiconductor assembly and test (OSAT) and advanced packaging while exploring small modular reactors (SMRs) for dedicated energy to fabrication clusters. The People and Partnership arms propose a national fab academy, curriculum reforms and collaborations with trusted partners to mitigate export control risks and strategic vulnerabilities as India imports 90 to 95 per cent of its semiconductor requirements.

NITI Aayog has set a target of building a US dollar 120 to 150 billion (bn) semiconductor value chain by 2035 and released a 10-year blueprint in May 2026. The Frontier Tech Hub document outlines a phased strategy to move India from downstream consumption to an integral node in the global chip ecosystem. The roadmap follows the Union Budget 2026 announcement of ISM 2.0 and shifts focus from ecosystem creation to scaling capabilities. The strategy endorses a differentiated More-than-Moore approach that leverages India’s strengths in chip design and targets niche segments rather than competing on leading foundry nodes. By 2035 India is projected to capture 10 to 13 per cent of the global semiconductor market while supporting a domestic market valued at US dollar 200 bn. It aims for 35 to 50 per cent self-sufficiency in demand and to retain 55 to 70 per cent of value capture domestically. The roadmap is built around five pillars — Pioneering, Policy and Investment, Production, People and Partnership — to address capital intensity, talent shortages and long gestation. It proposes tiered support for electronic design and automation tools, a national design and packaging platform and an AI-enabled mission to accelerate design cycles. The Policy and Investment pillar estimates cumulative investments of US dollar 135 to 180 bn over the next decade and envisages the government providing about one third, around US dollar 45 to 60 bn, through a dedicated support fund to crowd in capital. The Production pillar prioritises selective depth with wafer fabrication focused on mature logic nodes between 28 nm and 65 nm, specialty analog chips and opportunities in wide-bandgap materials. The plan aims for India to be a top three destination for outsourced semiconductor assembly and test (OSAT) and advanced packaging while exploring small modular reactors (SMRs) for dedicated energy to fabrication clusters. The People and Partnership arms propose a national fab academy, curriculum reforms and collaborations with trusted partners to mitigate export control risks and strategic vulnerabilities as India imports 90 to 95 per cent of its semiconductor requirements.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->