New Delhi, Aug. 18 -- India's push to build its own semiconductor ecosystem received fresh endorsement after Union Minister for Electronics and Information Technology Ashwini Vaishnaw lauded the progress in chip manufacturing, calling it a crucial step toward becoming a "product nation".

Minister Vaishnaw wrote on X, citing a media report, that "chipsets with our own IP is an important objective in this journey," highlighting the government's semiconductor mission and the Design Linked Incentives (DLI) scheme aimed at supporting startups in chip design.

In the post on X, Minister Vaishnaw on Monday said India is strengthening efforts to become a "product nation," highlighting that chipsets with indigenous intellectual property are a vit...