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India Is No Longer A Laggard In Frontier Technologies Says Finance Minister Nirmala Sitharaman
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CNBC TV18•19-10-2026, 13:38
India Is No Longer A Laggard In Frontier Technologies Says Finance Minister Nirmala Sitharaman
- •Finance Minister Nirmala Sitharaman stated that India is no longer lagging in frontier technologies and is actively investing in domestic semiconductor manufacturing.
- •Sitharaman noted that while India has not attracted AI investments on the scale of some other jurisdictions, the country is making steady progress.
- •India is focusing on chips used in everyday applications like refrigerators and cars to build capabilities across the entire semiconductor value chain.
- •Key investment areas identified include semiconductor manufacturing, chip testing and packaging, green hydrogen, and electric vehicles.
- •A 10-year roadmap backed by NITI Aayog envisions building a semiconductor value chain worth up to 150 billion dollars by 2035.
Key Questions Answered
Finance Minister Nirmala Sitharaman stated that India is no longer a laggard in frontier technologies and noted that investments are actively being made to establish domestic semiconductor manufacturing capabilities.
Unveiled by Finance Minister Nirmala Sitharaman and other officials, NITI Aayog's Frontier Tech Hub released a 10-year roadmap on May 29 with a vision to build a semiconductor value chain worth $120 billion to $150 billion by 2035.
India has consciously decided to pursue opportunities beyond the most advanced chips, focusing instead on everyday applications such as refrigerators, cars, connected household devices, chip testing and packaging, and semiconductor manufacturing and design.
