India has announced a major financial commitment to strengthen its semiconductor and smartphone manufacturing ecosystem, marking another step in its effort to become a global technology and electronics manufacturing hub.
The Union Cabinet has approved a combined investment of nearly $20 billion to accelerate domestic chip production and expand smartphone manufacturing. The package includes $13.3 billion in fresh funding for the country’s semiconductor programme and $6.5 billion for mobile phone manufacturing. The new initiatives aim to reduce dependence on imports, strengthen local supply chains and boost India’s manufacturing capabilities.
The expanded semiconductor programme will support chip design, semiconductor manufacturing equipment, materials, research and development, advanced packaging and testing, talent development and supply chain growth. It builds on India’s earlier semiconductor initiative introduced in 2021, which helped attract major investments into the sector.
The new smartphone manufacturing scheme is designed to increase domestic production, encourage exports and improve local value addition across the mobile phone ecosystem. The initiative is also expected to strengthen India’s position as a preferred destination for global electronics manufacturing.
The Government said the investment reflects its long-term strategy to build a complete electronics ecosystem by supporting manufacturing, innovation, research and skilled talent. The latest funding is expected to further accelerate India’s ambitions of becoming a leading global hub for semiconductor and smartphone production.
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