India’s semiconductor sector is booming, with the market valued at around $45–50 billion in FY25, rising from $38 billion in 2023 and projected to reach $100–110 billion by 2030. Massive investments, strategic policy incentives, and new manufacturing plants are rapidly positioning India as a vital and trusted global supply chain hub for chips.
At the Semicon Summit 2025, the Prime Minister emphasized India’s potential to capture a substantial share of the $1 trillion global semiconductor market. He highlighted ongoing efforts in infrastructure development and talent skilling, reaffirming the government’s commitment. Additionally, work has begun on the second phase of the India Semiconductor Mission, signaling strong industry growth prospects.
Further, the Ministry of Electronics and IT confirmed that ISM’s first phase has drawn ₹1.5 lakh crore across 10 projects, showcasing strong investor confidence. Union Minister Ashwini Vaishnaw highlighted India’s design and manufacturing edge in global supply chains.
A cabinet note for ISM 2.0, expected by October, will broaden support to advanced semiconductor, display, and design ecosystems. Following are the few Semiconductor stocks that will benefit from the strong investments and Policy Push;
1. Kaynes Technology India Ltd
Kaynes Technology India Limited is engaged in providing conceptual design, process engineering, integrated manufacturing, and life cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, IoT, information technology (IT), and other segments. The Company
Kaynes Semicon Pvt Ltd, a subsidiary of Kaynes Technology India Limited, with a significant investment of ₹3,307 crore in Sanand, Gujarat, is enhancing India’s semiconductor ecosystem. Scheduled from September 2024, the facility targets an output of 6.33 million chips per day, reinforcing domestic manufacturing capabilities and supporting the nation’s semiconductor self-reliance drive.
Further, Kaynes is scaling aggressively with a ₹5,000-crore investment MoU and an upcoming OSAT facility set to begin operations by December 2025, boosting capacity, strengthening semiconductor presence, and driving future growth momentum.
2. Moschip Technologies Ltd
Moschip Technologies Limited is an India-based semiconductor and system design services company. The Company specializes in product design and development services ranging from chip design to systems development. The Company operates through two segments: Semiconductor and Embedded.
MosChip is advancing its semiconductor expertise with an approved DLI-backed smart energy meter IC, the launch of its DigitalSky GenAIoT™ platform for AI-driven product development, membership in TSMC’s design ecosystem, and partnership in Renesas’s AI/ML design network. It continues strengthening its ASIC/SoC and embedded systems services, backed by two decades of expertise in chip design and semiconductor IP.
3. CG Power and Industrial Solutions Ltd
CG Power and Industrial Solutions Limited is an India-based company that is engaged in providing end-to-end solutions to utilities, industries, and consumers for the management and application of electrical energy. The Company’s segments include Power Systems and Industrial Systems.
CG Power & Industrial Pvt Ltd, in partnership with Renesas and Stars, is setting up a semiconductor facility in Sanand, Gujarat, with an investment of ₹7,600 crore. The plant will have a production capacity of 15 million chips per day, supporting India’s push for semiconductor self-reliance.
Written by Abhishek Singh
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