At the Bloomberg New Economy Forum, Union Electronics and IT Minister Ashwini Vaishnaw emphasized India's urgent need to build a critical materials ecosystem for the semiconductor industry. He stressed that rapid domestic capability development in materials essential for advanced technologies is vital for technological sovereignty and economic resilience.
The minister identified chemicals, gases, substrates, and other semiconductor inputs as key areas requiring strengthened domestic expertise. He outlined a strategy moving from finished product assembly toward manufacturing modules, components, materials, and capital equipment to achieve sustainable growth and reduce reliance on external supply chains.
