“As India progresses toward the vision of a “Viksit Bharat” by 2047, the Union Budget will be a critical lever in shaping the country’s medium- to long-term growth trajectory—particularly as global supply chains diversify and technology-led manufacturing becomes central to economic resilience and national competitiveness.
Government initiatives such as “ISM 2.0 is a defining milestone in India’s journey toward global semiconductor leadership. By expanding support across the entire value chain from manufacturing and advanced packaging to critical materials and design, this initiative builds a foundation for long-term competitiveness.
India’s world-class engineering talent is a proven asset, and sustained R&D investments will further elevate its position in the global supply chain. At NXP, we are fully committed to this vision. We continue to advance cutting-edge R&D locally and nurture future-ready talent. We believe that collaborative ecosystem innovation is the key, and we look forward to partnering with industry, academia, and policymakers to drive India’s emergence as a global semiconductor hub.” – Hitesh Garg, Vice President and India Managing Director, NXP Semiconductors
