21 Sep 2025 | 5 Mins Read
India bets heavily on 'Make in India' chip manufacturing drive
Flipitmoney
India imports nearly 90% of its semiconductor needs, making the country vulnerable to supply chain risks. The government launched the India Semiconductor Mission, and McKinsey expects the industry to reduce imports by $10-20 billion and grow the market from ₹4.5 trillion to ₹9 trillion by 2030. Companies like RIR Power, MosChip, and SPEL are positioning themselves for growth.