Photo of Anurag Mawai

Associate in the Financing practice at the Delhi-NCR office of Cyril Amarchand Mangaldas. Anurag can be reached at anurag.mawai@cyrilshroff.com.

India is making bold strides towards becoming a global semiconductor and electronics manufacturing leader. The aggregate valuation of the semiconductor market here stood at USD 53.2 billion in 2024 and is poised to expand at a compounded annual growth rate of 12.45% to reach USD 161 billion by 2033[1]. Recognising the sector’s ambition and potential, the Ministry of Commerce and Industry introduced significant amendments to the Special Economic Zones (SEZ) Rules in June 2025, a pivotal milestone in this journey.Continue Reading India’s semiconductor surge: SEZ reforms set the stage for global leadership