Overview
- Prime Minister Narendra Modi said on Saturday, August 15, 2026 that three semiconductor plants are already producing and exporting and that another five to eight plants are expected to start over the next seven to eight years.
- The Union Cabinet approved Semicon 2.0 on July 15, 2026 with about ₹1.27 lakh crore to support chip design, fabrication equipment, specialty materials, advanced fabs, R&D and workforce development.
- Twelve projects have been approved so far with investment commitments above ₹1.64 lakh crore, and Micron, Kaynes and CG Power’s joint venture began commercial assembly, testing and packaging shipments from Sanand, Gujarat.
- The government opened nuclear energy to private investors in late July 2026 and companies including Tata Power and Reliance have signalled plans to invest, part of a drive to secure the stable, high-capacity power that fabs need.
- New mineral measures include the National Critical Minerals Mission, a Critical Mineral Corridor and overseas deals such as Khanij Bidesh India’s lithium rights in Argentina, but India still relies on imports for most fab equipment and processed materials so higher-end chip making will take years to build.