India is quickly becoming a strong contender in the global semiconductor market, with Japanese companies showing great interest in setting up semiconductor manufacturing units in the country. According to Deloitte, Japan’s advanced technology and expertise are a perfect match for India’s ambitious goal of building 10 semiconductor plants within the next decade. This partnership aims to boost India’s role in the global semiconductor supply chain, driving both economic growth and technological development.
In July, India and Japan took a significant step forward by signing a memorandum of understanding (MoU) to work together on the semiconductor industry. This agreement covers key areas like semiconductor design, manufacturing, research and talent development. Japan, with over 100 semiconductor manufacturing plants, is among the top five countries in semiconductor production and a leader in materials such as wafers, chemicals and chip-making equipment. These resources will be crucial to India’s vision of building a self-sufficient semiconductor ecosystem.
Experts agree that this collaboration is not just a short-term project but a long-term plan. Japan’s experience in developing semiconductor ecosystems globally will play a key role in helping India grow its own industry. Deloitte emphasizes the need for strong partnerships between Indian and Japanese companies to make this venture successful. Support from the Indian government, cooperation between central and state authorities and involvement from the private sector will be critical to achieving long-term success. This collaboration is expected to benefit both India and Japan, helping India emerge as a global semiconductor leader in the coming years.
