Union Minister for Electronics and Information Technology Ashwini Vaishnaw emphasized the Indian government’s successful long-term strategy for semiconductor development. India is advancing towards establishing a robust chip design and manufacturing ecosystem. The Minister engaged with semiconductor companies under the Design Linked Incentive (DLI) Scheme, assessing their advancements and reinforcing the nation’s commitment to enhancing domestic semiconductor capabilities.
The semiconductor initiative, initiated in 2022 with a vision by Prime Minister Narendra Modi, aims to bolster the entire semiconductor ecosystem. This strategic approach seeks to transition India from a service-oriented economy to a product-focused nation with expertise in crucial technologies. Vaishnaw praised the Design Linked Incentive (DLI) Scheme’s achievements, noting its support for 24 startups, many of which have successfully launched products and gained market acceptance.
Vaishnaw highlighted the government’s efforts to facilitate semiconductor startups by providing essential resources like advanced design tools, IP libraries, and tape-out facilities. The Minister underlined that the backing from the India Semiconductor Mission is among the most extensive globally. The government intends to expand the program to nurture 50 fabless semiconductor companies in the next phase, aiming to establish globally competitive entities in the semiconductor sector.
Companies supported by the DLI Scheme are involved in various semiconductor design domains, including system-on-chips, AI-enabled low-power chips, telecom chipsets, and solutions for critical sectors like automotive and defense.
