India sets goal of becoming a global semiconductor power by 2047
India's defence ministry outlined a long-term aim of a competitive, self-reliant chip sector by 2047. The information was reported by Moody's.
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what happened
India's defence ministry said on Friday that the country aspires to become a globally competitive, dependable and technologically self-reliant semiconductor power by 2047, with leadership in selected next-generation chip technologies. The statement was reported by Moody's.
According to the ministry, the Defence Research and Development Organisation took part in the ESTIC 2026 conclave held at Bharat Mandapam from October 27 to 29. A thematic session on semiconductors and next-generation chips covered AI-focused system-on-chips, intelligence at the silicon edge and the changing microprocessor landscape. The ministry stressed that chip design, testing and resilient supply chains matter as much as manufacturing.
why it matters
The news is strategic in nature and contains no specific financial figures or decisions likely to move markets immediately. For investors it is a signal of India's long-term technology policy.
tags
sources
- India aims to be globally competitive semiconductor powerhouse by 2047: MoD — Moody's, 31 October 2026 at 05:51 UTC
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