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Minister of State for Electronics and IT Rajeev Chandrasekhar has said that India will consume semiconductors of around $70-80 billion to manufacture electronics products worth $300 billion by 2026 as envisaged in the government's vision document. He said the government will achieve the target of establishing a semiconductor ecosystem in the country based on the interest it is getting from around the globe.

The minister said ‘demand for digital devices and electronics products is only going up. If you have seen our electronics vision document, we have announced a target of $300 billion in electronic manufacturing, with $120 billion in exports. Our own consumption, based on $300 billion electronics (production target by 2026), will be almost $70-80 billion of semiconductors’.

Chandrasekhar has stated that the government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore under the Semicon India Programme, which entailed incentives to the tune of Rs 76,000 crore.