Tokyo: Union Commerce and Industry Minister Piyush Goyal held a roundtable with leading Japanese and Indian industry representatives in Tokyo on semiconductors and artificial intelligence (AI), highlighting their growing role in strengthening India-Japan economic and technological cooperation.
Goyal said semiconductors and AI are emerging as key areas of strategic collaboration and an important pillar of the economic security partnership between the two countries.
He highlighted India’s expanding semiconductor market, with domestic demand projected to reach USD 150 billion by 2032. He outlined the government’s strategy covering chip design, manufacturing, packaging, research and development, and talent development.
The minister said the government has committed USD 10 billion under Semicon India 1.0 and an additional USD 15 billion under Semicon India 2.0 to attract investment and build a comprehensive semiconductor ecosystem in India.
