Strat360 Private Limited, a research‑led strategic advisory firm, issued a press release on 15 October 2026 announcing its new report “India’s Electronics and Semiconductor Industry: Potential, Recent Developments, Challenges and Policy Priorities”. The report, compiled under the Strategy‑Wise brand, draws on government documents, trade data, company disclosures, working papers and independent research, with a research cut‑off date of 10 October 2026.
The core findings state that India’s electronics production reached an estimated Rs 13.11 lakh crore in FY26, representing a 15.8% increase over Rs 11.32 lakh crore in FY25. Exports of electronics amounted to Rs 4.24 lakh crore, roughly USD 47.96 billion, making electronics the country’s third‑largest export category; mobile phones were the single largest export product.
In the semiconductor arena, five packaging and test units have commenced commercial production under the India Semiconductor Mission. The second phase of the mission, Semicon 2.0, received approval in July 2026 with an outlay of Rs 1,27,500 crore, extending support for the sector.
The Electronics Component Manufacturing Scheme (ECMS) had approved 106 projects by August 2026, of which 38 plants were reported to be producing. The report identifies ECMS as the most concrete pathway to raise domestic value addition in phones from an estimated 18‑20% to a target range of 35‑40%.
Looking ahead, the report highlights the next frontier as depth in components, materials, equipment, front‑end fabrication and commercialised Indian chip design. India’s first commercial semiconductor fab at Dholera, Gujarat, is projected to start operations around mid‑2028, focusing on mature‑node process technologies.
Policy recommendations include measuring progress by qualified output, yields and value addition; publishing regular audit‑grade data on customer qualification, order books and disbursement versus spend; sustaining ECMS momentum; communicating the Dholera fab timeline candidly; linking subsidies to milestones with time limits; investing in the customer side to ensure qualification drives plant viability; and learning from Vietnam and Malaysia by hosting suppliers and customers rather than only factories.
Santosh Tiwari, Founding Chair of Strat360 Private Limited, emphasized that India’s realistic five‑year opportunity lies in packaging and test, components, and selected mature‑node and compound‑semiconductor production anchored to automotive, power, industrial and strategic demand. He added that treating chip design as a commercialisation opportunity rather than a headcount exercise is essential for resilience.
The report’s summary is available via a LinkedIn link, and the full report can be requested from chairmanoffice@strat360.co.in. The press release includes a disclaimer that it is provided under an arrangement with Newsvoir and that PTI assumes no editorial responsibility.