Core Viewpoint - The semiconductor industry in India is experiencing significant growth driven by increasing demand for electronic devices and the ongoing digital transformation across various sectors. The Indian government is focusing on establishing OSAT facilities and enhancing domestic manufacturing capabilities, particularly in chip production, to transition from OSAT operations to mature manufacturing capabilities [1][2]. Group 1: Industry Growth and Demand - The compound annual growth rate (CAGR) of India's semiconductor industry investment over the past five years is 10.5%, projected to reach $37.1 million by 2024 and $109.6 million by 2030 [1]. - The automotive sector is expected to account for the largest demand for semiconductors in India at 33% in 2024, followed by telecommunications at 24%, data centers at 14%, and industrial automation at 14% [2]. Group 2: Export and Market Position - India's semiconductor components export is projected to reach $4.21 billion in 2024, with a CAGR of 7.4% from 2015 to 2024, indicating robust growth [2]. - Major export products include integrated circuit chips, capacitors, printed circuit boards, and photovoltaic cells, with over 200 countries importing from India, reflecting India's improving position in the global market [2]. Group 3: Government Initiatives and Support - The Indian government has established a comprehensive policy framework under the "Make in India" and "India Semiconductor Mission" initiatives to support semiconductor ambitions, focusing on creating a world-class semiconductor manufacturing ecosystem [2]. - Key initiatives include financial support for project costs up to 50%, production-linked incentives (PLI) for electronic products, and design-linked incentives (DLI) for R&D expenditures [3].