The government has implemented a strategic policy to boost electronics manufacturing, covering the entire value chain, including semiconductors. Over the last decade, electronic goods production in India has surged sixfold, reaching approximately Rs 12 lakh crore in 2024-25 from about Rs 1.9 lakh crore in 2014-15.
The production of electronic goods has seen a significant increase, with exports soaring eightfold to around Rs 3.3 lakh crore from Rs 38,000 crore during the same period. Specifically, the production of mobile phones has surged 28 times to Rs 5.45 lakh crore in 2024-25 from Rs 18,000 crore in 2014-15, as per the Ministry of Electronics & IT.
To bolster the manufacturing ecosystem, the Semicon India Programme was initiated in January 2022. This program aims to develop a comprehensive ecosystem encompassing design, fabrication, assembly, testing, packaging, and module manufacturing. The government has already approved 10 projects with investments totaling about Rs 1.6 lakh crore, with commercial production underway in two plants and two more plants set to commence operations this year.
In continuation of the Semicon India Program’s success, the Union Budget 2026-27 has proposed the India Semiconductor Mission 2.0. This mission focuses on manufacturing equipment and materials, designing full-stack solutions, promoting Indian intellectual property, and strengthening supply chains, according to the official statement.
