Industry pushes for govt incentives, procurement

Government incentives, state-led procurement of semiconductor chips and products, and stronger venture capital funding can propel India towards becoming a product nation, industry leaders said at SEMICON India 2025 on Wednesday.

- UDISHA SRIVASTAV

They stressed that adequate policy support and ecosystem development are crucial to driving the country's semiconductor ambitions.

Ajai Chowdhry, chairman of the National Quantum Mission of India and cofounder of HCL Infosystems, said India should build on its strengths. "The time has come for us to move towards being a product nation. At the moment, only 20-30 companies are making chips in India, but we need hundreds," he said. He added that once the country makes its own products, the government should provide an initial push through incentives and procurement.