EMERGING INDIAN SEMICONDUCTOR MANUFACTURING LANDSCAPE
WHAT
India’s semiconductor market is projected to witness 3X growth, from USD 38 billion in 2023 to USD 110 billion by 2030, driven by rapid expansion in 5G, AI, EVs, and hyperscale data centres. With 900+ million mobile users and rapidly accelerating enterprise AI adoption, India represents a scale of demand few global markets can match.
The Indian government has launched a USD 10 billion semiconductor incentive program, catalysing more than USD 20 billion in confirmed private investments. The scale and ambition closely mirror Europe’s own efforts under the EU Chips Act (€43 billion)—but with faster market growth and a vast domestic consumption base. Flagship projects such as Tata’s USD 3 billion semiconductor facility and Micron’s USD 2.5 billion ATMP plant underline that India’s ecosystem is moving rapidly from policy to production.
Combined with India’s 20% share of the global chip design workforce, the country is well positioned for growth in fabless design, power electronics, and AI silicon. As demand for EVs, clean energy, and data infrastructure rises, India’s need for Silicon Carbide (SiC) devices, advanced packaging, specialty materials, and high‑precision manufacturing tools is set to surge—creating substantial high‑value openings for global partners.
With strong policy direction, expanding industrial capacity, and one of the world’s fastest‑growing digital economies, India offers a compelling, large‑scale opportunity for Swedish companies to enter a strategically important and rapidly expanding market.
HOW
Join the Business Sweden’s India–Sweden Semiconductor Platform to connect directly with India’s leading chipmakers, ecosystem partners, and policymakers—and to strongly position your solutions. India’s capital commitments are now turning into real fabs, high‑volume OSAT lines, and advanced packaging capacity, creating immediate windows for Swedish equipment suppliers, materials providers, automation leaders, and design collaborators.
CONTACT US
For more information contact Ankit Tiwari at Ankit.Tiwari@business-sweden.se.