According to reports, India's semiconductor demand is likely to reach $100–110 billion by 2030, up from the current $45–50 billion.

S Krishnan, secretary of the Ministry of Electronics and Information Technology says, "We are going to invest in the five companies - Kaynes Semicon, Tata Electronics, CG Power, Micron Technology, Suchi Semicon - and their entire output is being looked at. Today, the demand is about $45 - 50 billion and is likely to go up to $100–110 billion by 2030."

“When all the five companies are at their peak production, the combined production of all the five companies is going to be $6–7 billion. India still has a small proportion of the semiconductor

design and output needed. While some of the output will be exported, there is a clear need to expand,” says the MeitY secretary.

When all five companies reach their maximum production, their total output is expected to be between $6 and $7 billion. India currently has a limited share of the semiconductor design and production required within the country. Although a portion of this output will be sent abroad, there is an evident necessity to grow.

"The game is not yet done. We need to be bigger players, there's more investment that needs to take place. The PM and IT minister have said that the government will continue to support the sector, to take it further. There is a long hard slog ahead of us. Hopefully, we will be a power to reckon with in the semiconductor space," Krishnan says.

The India Semiconductor Mission stands out as one of the most extensive and generous initiatives for offering subsidies and grants. Additionally, the government is focusing on the design sector, intending to improve the Design Linked Incentive scheme to aid not only startups and micro, small, and medium enterprises but also larger firms.

Krishnan also highlighted the need for intellectual property ownership and the development of inter-design products, and how the growth of global capability centres was a positive development, and fostered human resource creation and knowledge spillover.

The Nano Electronics Roadshow was launched by Krishnan and enabled the signing of four memorandums of under standing between academic institutions and industry players, fostering partnerships and promoting technological progress.