The India Semiconductor Mission (ISM), an Indian government-affiliated agency, has announced plans to attract ¥4 trillion in investment through Semicon 2.0. Japanese companies are expected to have opportunities to participate across a wide range of fields, including manufacturing equipment and materials, front-end and back-end processes.
Amitesh Sinha, CEO of the India Semiconductor Mission (ISM), the Indian government agency responsible for promoting the semiconductor industry, said that 5 of the 12 plants approved under Semicon 1.0 were already operational, and that plans to bring the remaining 7 plants online and accelerate the early expansion of commercial production overall would be achieved by 2029. He also disclosed plans for Semicon 2.0 to secure a total budget of approximately ¥1.275 trillion, including subsidies and other funding, and attract ¥4 trillion in investment. Japanese companies are expected to be able to participate in fields including manufacturing equipment and materials, front-end processes, back-end processes, research and development, and human resource development.
Japanese companies have shown particularly strong interest in manufacturing equipment and materials. A portal for accepting investment proposals is scheduled to open as early as November, making it possible to track the number of proposals submitted. Contacts with several Japanese companies are already under way, and there is also information that 43 Japanese companies are participating in Semicon India 2026.