During a semiconductor design roadshow at IIT-Delhi on May 12, Union Minister Rajeev Chandrasekhar announced that the Indian government will invest $2 billion in the Semiconductor Laboratory (SCL) in Mohali for research and prototyping. This is a significant increase from the previously planned investment of $1.3 billion.
The minister also revealed plans to establish the India Semiconductor Research Institute as a center of excellence in collaboration with institutions like IIT Delhi and IIT Chennai. He encouraged students to pursue deeptech areas such as semiconductors, quantum technology, and artificial intelligence, and announced the government's plans to develop a semiconductor education curriculum for higher education institutions to cultivate talent in semiconductor design. The government has also allocated funds to support semiconductor design startups and launched a production-linked incentive scheme worth Rs 76,000 crore to attract chip manufacturing companies to set up fabs in India. Chandrasekhar aims to increase the number of semiconductor startups in the country from 27 to 100.