India’s semiconductor industry is projected to grow by USD 40 billion by 2030, driven by efforts to strengthen its supply chain, including the chemicals and gases used in chip manufacturing, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA). Speaking at the IESA Vision Summit, Chandak highlighted the complexity of semiconductor production, which relies on a global supply chain spanning over 10 countries.
To succeed in this sector, India must build a strong supply chain that includes essential materials and manufacturing inputs, alongside the development of chip production plants. In 2022, IESA released a report outlining the necessary steps to build a semiconductor ecosystem in India. Chandak revealed that a follow-up report has since been published, detailing specific manufacturing opportunities for the country.
“Globally, the semiconductor supply chain market is expected to reach USD 420 billion by 2030. If India captures 10% of this market, it could lead to a USD 40 billion opportunity,” Chandak explained. He also mentioned that global companies could set up operations in India to cater to both domestic and export markets. The report estimates that India’s semiconductor industry could grow to USD 10 billion by 2030 with the existing infrastructure.
IESA’s report on the semiconductor supply chain also emphasizes the need for skilled workers. By 2026-2027, India will require 1.5 million skilled workers and 5 million semi-skilled workers across the value chain. Critical roles will include processing engineers, equipment engineers, IC testing engineers, and capacity planning managers.
The report predicts a significant increase in job opportunities in the next few years in areas like design, manufacturing, supply chain management, materials engineering, packaging, testing, and logistics. Chandak also pointed out the growing global interest in India’s semiconductor industry, as shown at the 19th IESA Vision Summit. During the event, over 30 memorandums of understanding were signed, including agreements between Tata Electronics, PSMC, and Himax.
“Semiconductors are at the heart of the digital revolution,” Chandak said. The summit attracted more than 2,400 registrations, with over 1,750 attendees at the opening session, including more than 250 international leaders, underscoring the worldwide interest in India’s semiconductor sector.
