India is set to introduce a $20 billion incentive scheme to enhance its semiconductor manufacturing capabilities, aligning with the broader goals of the India Semiconductor Mission (ISM). This initiative aims to attract global chip manufacturers by offering a structured mix of subsidies and incentives while emphasizing long-term regulatory stability. As nations race for semiconductor production, India’s strategy focuses on establishing itself as a key player in global supply chains, especially amid geopolitical shifts away from China. However, the efficacy of this package will be crucial, as delays or insufficient funding could hinder India’s potential in a critical technological sector.