India, March 28 -- India's semiconductor demand will likely reach $100-110 Bn by 2030 from the current demand of $45-50 Bn, said Electronics and IT ministry (MeitY) secretary S Krishnan.

The Centre is also planning to invest in five semiconductor companies of which four are OSAT (Outsourced Semiconductor Assembly and Test) and one fab company, he said. It has already approved Kaynes Semicon, Tata Electronics, CG Power, Micron Technology and Suchi Semicon to set up their respective units in the country.

Speaking about these companies at Nano Electronics Roadshow in Bengaluru, Krishnan said, "When they are at their peak production, the combined production of all these five companies is going to be $6-7 Bn, so we are still a very small pro...