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Preeti is a senior management and law professional, and as the Chief Operating Officer (Ahmedabad and Real Estate Practice), she oversees the business and operations of Cyril Amarchand Mangaldas’ offices in Gujarat and the real estate practice of the Firm. She can be reached at preeti.pandey@cyrilshroff.com

INDIA SEMICONDUCTOR MOMENT

The Indian semiconductor market is expected to reach USD 55 billion by 2026, more than 60% of which is driven by three industries: smartphones & wearables, automotive components, and computing & data storage.[1] Currently, majority of the demand in the Indian semiconductor market is met by imports. In order to reduce the dependency on imports of semiconductors and to fill the semiconductor supply chain gap caused due to COVID-19 and the strained relations between United States and China, the Government of India has approved the Semicon India Programme with an initial financial outlay of INR 76,000 crore (USD 9.13 billion approx.) for the development of a sustainable semiconductor and display ecosystem in India.[2] While inaugurating the Semicon India 2023, a national-level conference focusing on the semiconductor industry, in Gandhinagar, Gujarat,  PM Modi said that India is becoming a grand conductor for investments in the semiconductor sector.[3]Continue Reading India’s Semiconductor Moment