India seeks chipmaking parity with major producers by 2032

UNION MINISTER OF Electronics and IT Ashwini Vaishnaw on Thursday said India’s chipmaking capabilities are set to be at par with other major producers by 2032, an aggressive timeline that underscores the government’s urge to bolster domestic manufacturing.

- SANKALP PHARTIYAL

“In case of semiconductors, by 2031-2032 — in that timeframe we will be equivalent to what many of these countries are at today,’ Vaishnaw told Bloomberg’s New Economy Forum in Singapore.“Then it'll be a race which will be very fair and a level playing field”

The government’s semiconductor push is in early stages, with the country boosting spending to attract designers and manufacturers.