India targets 5-6 chip projects operational by 2026-end

The government has also approved ISM 2.0, the next phase of the programme. Krishnan said the new phase will support research and development, encourage a shift toward more advanced technologies, and promote growth in niche areas such as silicon photonics and power semiconductors. Talent development remains a key priority. India has a substantial presence in chip design – about 20% of the global design workforce – but the manufacturing workforce still needs strengthening. "Once we start training people for manufacturing of semiconductors, then it will be relevant not just for India but for other countries of the world," Krishnan said.

The Semicon India 2026 event is expected to draw more than 240 international companies, over 150 speakers, delegations from more than 40 countries, and six country-specific pavilions. Krishnan cited the growing opportunity in India's semiconductor market, saying domestic demand is expected to double to around $200 billion from $100 billion. With the government building an expanding pipeline of projects, the market presents significant opportunities for global companies, he said. The event, he hoped, would facilitate greater industry partnerships and investment.