INDIA RECEIVES $11–12 BILLION OF NEW SEMICONDUCTOR PROPOSALS UNDER SEMICON 2.0

India has received semiconductor investment proposals worth approximately $11–12 billion under the second phase of its semiconductor programme, with proposed projects extending beyond chip manufacturing into equipment, materials, gases, chemicals and substrates. The development is important because a sustainable semiconductor industry requires an entire ecosystem rather than a small number of fabrication facilities. Semiconductor plants depend on specialised chemicals, advanced machinery, wafer materials, packaging and testing services, making supplier development essential. India’s Semicon 2.0 programme is therefore attempting to broaden the industrial base around semiconductor manufacturing. The new proposals could create opportunities for Indian engineering companies and startups to participate in parts of the value chain that were previously dominated by foreign suppliers. The country is also increasing support for semiconductor research and development, which could encourage universities and technology companies to develop domestic intellectual property. For Odisha, the proposals reinforce the state’s strategy of building a semiconductor cluster around Bhubaneswar and Cuttack. If national and state-level programmes succeed simultaneously, India could gradually move from semiconductor assembly and design toward a broader manufacturing ecosystem.