India aims to become a global semiconductor hub

India is positioning itself as a semiconductor hub, driven by favorable government policies, low production costs, and growing demand, according to a Jefferies report. The country has over USD 18 billion in investments for semiconductor projects, including Tata Electronics' USD 11 billion chip fab. The Indian government aims to quadruple electronics production to USD 500 billion by 2030. A USD 10 billion incentive program launched in 2021 supports chip and display fabs, with some states offering additional incentives, totaling up to 70 percent fiscal support. India's semiconductor industry is still developing but is focusing on expanding the entire supply chain. The government is leveraging its design capabilities and attracting global players, similar to its successful automotive sector strategy from the 1980s.