Will Upcoming Budget Deliver on India’s Semiconductor Needs?

As India positions itself as a global hub for semiconductor manufacturing, all eyes are on the Union Budget 2025. Discussions across all industries in India have intensified, with the semiconductor sector being no exception. Following significant allocations to key technology missions in the previous Budget, the semiconductor industry anticipates its moment in the spotlight this year.   Over the past year, India’s ambition to be a global semiconductor hub has gained momentum, particularly with the government’s Production Linked Incentive (PLI) schemes and investments in R&D. These efforts aim to reduce reliance on imports and foster a robust domestic semiconductor ecosystem, aligning with global supply chain resilience trends.   Many industry leaders have