First India chip fab to be announced in a few weeks: Ashwini Vaishnaw

The government had announced a $10 billion package to incentivise the manufacturing of chips in India in December 2021

India’s first semiconductor fabrication unit will be announced in the next few weeks, Union minister Ashwini Vaishnaw said on Tuesday, as he expressed confidence that the country will soon join the league of a select few countries which have a vibrant semiconductor industry.

“We are almost at an inflection point when the first fab should be declared in a few weeks. And that is just the beginning,” Vaishnaw said at the Confederation of Indian Industry’s (CII) Partnership Summit.

“India is slated to become a vibrant semiconductor industry in the coming 3-4 years,” the Union minister for electronics and information technology