How was India’s semiconductor sector performance recently assessed?

The Japanese rating agency JCRA gave a positive assessment, indicating growing confidence.

What does the second phase of India’s semiconductor journey imply?

It marks a new chapter focused on expansion, innovation, and strengthening global market position.

Technology 1 MIN READ

PM Modi Announces Expansion of India’s Semiconductor Ecosystem

Two new semiconductor plants to be set up as India enters second phase of its semiconductor journey

Prime Minister Narendra Modi announced the establishment of two new semiconductor manufacturing plants, marking India’s entry into the second phase of its semiconductor journey. Speaking at the Semicon India 2026 event, he highlighted the expanding semiconductor ecosystem and the government’s commit

Reported by: निहारिका टाइम्स न्यूज़ डेस्क

Published Sep 17, 2026

News Desk, Niharika Times

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Prime Minister Narendra Modi announced the establishment of two new semiconductor manufacturing plants, signaling the next phase of India's semiconductor development. Speaking at Semicon India 2026, he highlighted government support through policies and regulatory measures to enhance the semiconductor ecosystem and attract manufacturers.

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Prime Minister Narendra Modi at Semicon India 2026 event / Social Media

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Modi emphasized that the government is taking all necessary steps and efforts to ensure manufacturers succeed, including policies and regulatory frameworks. He cited India’s first-quarter GDP growth and the positive assessment by the Japanese rating agency JCRA as indicators of growing confidence in the country’s semiconductor sector.

The announcement at Semicon India 2026 signals new opportunities in the semiconductor industry, with the government actively promoting expansion and innovation to strengthen India’s position in the global market.

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How was India’s semiconductor sector performance recently assessed?: The Japanese rating agency JCRA gave a positive assessment, indicating growing confidence.
What does the second phase of India’s semiconductor journey imply?: It marks a new chapter focused on expansion, innovation, and strengthening global market position.

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PublishedSep 17, 2026, 18:27 IST IST

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PM Modi Announces Expansion of India’s Semiconductor Ecosystem

Two new semiconductor plants to be set up as India enters second phase of its semiconductor journey

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