A recent report by Counterpoint Research and the India Electronics & Semiconductor Association says the Indian semiconductor market to be worth $64 billion by 2026; in 2019, that figure stood at $22.7 billion. Another report by Deloitte is almost as bullish, and pegs the market at $55 billion in three years. In end-December, it had earmarked $10 billion as an incentive to companies keen on the semiconductor sector. One industrialist keen to play for big stakes on this front is Anil Agarwal, the chairman of Vedanta Resources. “The future in India now is only for two or three things,” Agarwal tells Manu Balachandran, who has written the cover story on Agarwal’s gambit.

Source: Forbes May 22, 2023 06:14 UTC