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The Economic Times
Five to eight more semiconductor plants to come up in eight years: PM Modi
In a recent address on India's 80th Independence Day, Prime Minister Narendra Modi announced the construction of five to eight additional semiconductor plants over the next eight years. This move is crucial for enhancing India's technological capability and self-reliance in semiconductor production, with the government emphasizing the strategic importance of chips in various sectors. Currently, India operates three semiconductor plants and has begun production and exports. This strategic initiative supports India's vision of an Aatmanirbhar Bharat (self-reliant India).
MonitorConfidence: HighLong term horizon
Published 15 Aug 2026, 04:30 UTC2 min read
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Summary
TL;DR
- Modi stated five to eight more semiconductor plants will be built in eight years.
- Three semiconductor plants are already operational in India.
- Production and exports have begun at existing plants.
- The initiative supports India's technological self-reliance.
- Chips are deemed essential for various modern technologies.
Interesting facts
- India's focus on semiconductor manufacturing reflects a major shift in technology policy.
- The initiative aligns with the broader goals of Aatmanirbhar Bharat.