"3 Equipment, 5 Material Makers": Ashwini Vaishnaw Sets Big Semiconductor Target For India

Union Minister Ashwini Vaishnaw has outlined India's ambitious semiconductor manufacturing plans under the India Semiconductor Mission (ISM) 2.0. He said the mission's success will be measured by attracting three major semiconductor equipment manufacturers and five large materials manufacturers to India. Highlighting the complexity of semiconductor manufacturing, Vaishnaw stressed the need to build a strong domestic ecosystem for equipment, chemicals and industrial gases. He said India's semiconductor journey has moved from global scepticism to growing confidence, with companies increasingly showing serious interest in investing in the country. The mission aims to strengthen India's technology base for decades ahead.