Domestic Plants to Meet Half of India's Chip Demand by FY35: MeitY

The Ministry of Electronics and Information Technology has outlined a new target. Domestic manufacturing plants are expected to play a crucial role soon. Projections indicate these plants will meet half of India's semiconductor demand. This goal is set to be achieved by the financial year 2035. The statement highlights a significant push for local production capabilities. Reducing reliance on imports is a key objective of this strategic plan. The timeline provides a clear window for industry development and investment. MeitY is driving the policy to bolster the country's semiconductor infrastructure. This shift aims to strengthen India's position in the global tech supply chain. The initiative reflects long-term planning for national self-sufficiency in chips.