Industrial Policy

Government initiatives are accelerating the development of India's semiconductor and electric vehicle ecosystems, signaling a broader push for domestic manufacturing and technological self-reliance. The Semicon 2.0 program, backed by a substantial ₹1.27 lakh crore investment, aims to establish a complete semiconductor value chain, attracting significant commitments from companies like Tata Electronics and fostering partnerships for design, fabrication, and advanced packaging. Simultaneously, policies supporting electric vehicle adoption, alongside investments in domestic manufacturing, are driving growth in the EV sector. These developments, coupled with India's recent joining of the Pax Silica coalition, underscore a strategic shift towards securing critical technology supply chains and positioning India as a key player in the global semiconductor landscape.