Now Reading: India’s deep-tech cycle: semiconductors and spacetech boom
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India’s deep-tech cycle: semiconductors and spacetech boom
India has approved 12 semiconductor projects worth over Rs 1.64 lakh crore, with a second phase of its semiconductor programme allocated Rs 1.27 lakh crore. Space-tech startups have raised $871 million across…
The Story in Brief
India has approved 12 semiconductor projects worth over Rs 1.64 lakh crore, with a second phase of its semiconductor programme allocated Rs 1.27 lakh crore. Space-tech startups have raised $871 million across 241 rounds, with 285 companies working on launch vehicles, satellites and propulsion, according to Livemint. The government aims to meet 70-75% of domestic chip demand by 2029.
Experts say the cycle is real and a decade long, driven by patient capital, policy support and demand from AI, defence and electronics. Ajay Modi of Piper Serica noted that 400 startups work in space-tech, while the push spans chip design, fabrication, packaging and R&D. The Indian semiconductor market is projected to grow from $38 billion in 2023 to $100-110 billion by 2030, reports the Times of India.
The Indian Opinion
The government's spending is ambitious, but the real test is whether domestic fabs can achieve commercial viability. The paused tower project shows the risks, and global giants like Taiwan and South Korea have decades of lead. India must focus on building a self-sustaining ecosystem, not just announcing projects. Will the next budget allocate more for equipment manufacturing and R&D to move beyond assembly?
Sources (2): livemint.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
