India’s Semiconductor Growth to See Key Role from Japanese Firms: Deloitte

According to Deloitte India, Japanese firms are poised to significantly influence India's semiconductor initiative as the nation prepares to establish a $100 billion semiconductor market by 2030.

In a written response to inquiries, P.S. Easwaran, Partner & Supply Chain Leader at Deloitte India, stated that the expansion of the semiconductor industry in India will be enhanced by the government's $10 billion incentive program under the Indian Semiconductor Mission.

"India's semiconductor market is projected to reach over $100 billion by the end of this decade, and nearly 30-35 per cent of this demand will be met through domestic manufacturing," noted Easwaran

International collaborations with well-established semiconductor ecosystems, and Japan holds a crucial position in this endeavor, considering its leadership in semiconductor materials and equipment.

"Japan currently accounts for manufacturing of nearly 50 per cent of the world's semiconductor materials including photoresists, specialty chemicals, gases, and wet chemicals, and one-third of equipment, making it a key partner of choice in scaling India's manufacturing base and creation of a robust ecosystem." These strengths make Japan a "partner of choice" for India to scale its semiconductor ecosystem, Easwaran highlighted.

The partnership between India and Japan is currently materializing through significant projects that include technological collaboration and the provision of equipment by Japanese companies for semiconductor facilities in India.

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Strategic efforts like the India-Japan Semiconductor Supply Chain Partnership, established in July 2023, and the Digital Partnership 2.0 unveiled in August 2025, are designed to enhance collaborative research, foster design innovation, and promote talent development.

"India creates scale and develops talent, Japan could bring class-leading technologies and support the creation of the ecosystem involving equipment, materials, and chemicals. Together, this partnership can fast-track India's journey to becoming a leading semiconductor manufacturer by 2030," noted Easwaran.