---
title: "India adds $13.3 billion fund to boost chip manufacturing development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292745440.md"
description: "India's Minister of Electronics and Information Technology announced on Wednesday that India is committed to an additional investment of 1.28 trillion rupees (approximately 13.3 billion USD) to boost its domestic chip manufacturing industry, advancing its ambitious goal of becoming a global manufacturing hub. This plan will further build on the $10 billion incentive program launched by India in 2021, which promised to cover half of the construction costs for semiconductor projects. Previous efforts have helped India initiate the development of its chip industry, attracting companies such as American memory chip manufacturer Micron Tech and Tata Group, which operates in various fields from salt production to software, to the western state of Gujarat. Prime Minister Modi is working to strengthen India's chip industry layout. Currently, the plan is still in its early stages, with only a few large projects underway. India hopes to leverage its engineering and design talent advantages, along with various subsidy policies, to attract major chip manufacturers"
datetime: "2026-07-15T09:54:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292745440.md)
  - [en](https://longbridge.com/en/news/292745440.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292745440.md)
generator: "portal-rs"
---

# India adds $13.3 billion fund to boost chip manufacturing development

On July 15th, Jin10 Data reported that India's Minister of Electronics and Information Technology announced on Wednesday that India is committed to an additional investment of 1.28 trillion rupees (approximately 13.3 billion USD) to boost its domestic chip manufacturing industry, advancing its ambitious goal of becoming a global manufacturing hub. This plan will further build on the previous 10 billion USD incentive program launched by India in 2021, which promised to cover half of the construction costs for semiconductor projects. Previous efforts have helped India initiate the development of its chip industry, attracting companies such as American memory chip manufacturer Micron Tech and Tata Group, which operates in various sectors from salt production to software, to the western state of Gujarat. Prime Minister Modi is working to strengthen India's chip industry layout. Currently, the plan is still in its early stages, with only a few large projects underway. India hopes to leverage its engineering and design talent advantages, along with various subsidy policies, to attract major chip manufacturers

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**