Startup And Fundraising 17 September 2026
India's Chip Drive Gains Momentum with New Startups and Policies
Prime Minister Narendra Modi opened SEMICON India 2026, signalling the shift to commercial semiconductor production with two new plants. The government is rolling out reforms, while startups like Netrasemi seek public‑sector customers and funding. Semicon India 2.0 targets at least 200 chip‑design startups, expanding venture capital support and building a full “silicon‑to‑systems” ecosystem.
India’s semiconductor ecosystem expands
- PM Modi inaugurated SEMICON India 2026, marking the start of commercial production at two new plants and announcing further reforms. ([source]https://upstox.com/news/business-news/latest-updates/pm-modi-inaugurates-semicon-india-2026-says-india-s-semiconductor-journey-enters-commercial-production-phase/article-200419/)
- Startup Netrasemi asks the government to become a customer to help commercialise its indigenous chips. ([source]https://www.livemint.com/companies/netrasemi-seeks-government-as-customers-for-its-indigenous-chips-zoho-automation-robotics-startups-11789565967479.html)
- Semicon India 2.0 aims to support at least 200 chip‑design startups, up from 105 in the first edition, with venture funding of around ₹800 cr already allocated. ([source]https://www.aninews.in/news/national/general-news/semicon-india-20-to-target-at-least-200-chip-design-startups-companies-union-minister-ashwini-vaishnaw20260917114340/)
- The government is moving from policy creation to execution, building a “silicon‑to‑systems” ecosystem and encouraging IPOs for tech firms. ([source]https://www.financialexpress.com/business/industry/semicon-2-0-building-resilient-chip-ecosystem-from-silicon-to-systems-what-to-expect-pm-modi-inaugurates-semicon-india-2026/4341025/)
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