Semicon India 2026: India’s semiconductor ecosystem expanding, opening new opportunities, says Modi
Prime Minister Narendra Modi inaugurated SEMICON India 2026, emphasizing India's ambition to become a global hub for semiconductor manufacturing. The government has increased the India Semiconductor Mission outlay to $13.5 billion to attract global investment and reduce supply chain dependence.
Why it matters
Reflects India's strategic economic pivot toward high-tech manufacturing and its attempt to integrate into the global chip supply chain.
Prime Minister Narendra Modi on Thursday (September 17, 2026) pitched India as a trusted destination for global chip manufacturing and said the government is taking all measures to ensure the industry's success through enabling policies and frameworks.
Speaking at the inauguration of the SEMICON India 2026, the PM said that the semiconductor ecosystem is expanding rapidly, opening new opportunities for innovation, investment and growth.
The world needs new and trusted locations for chip manufacturing, and India is preparing itself for this, he said.
India is taking all measures to become a preferred destination for semiconductor manufacturing, he further said.
So far, 12 chip-making projects have been approved, and the next phase will see the numbers increase further, the PM noted.
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