New Delhi, Sept. 5 -- Multinational companies from around the world are showing increasing interest in partnering with local firms through joint ventures (JV) to begin operations in India's semiconductor industry, according to a report by Yes Securities, a subsidiary of Yes Bank, following its visit to Semicon India 2025.

"Companies like Kaynes have already started to work on advance packaging and there is also significant interest from MNC companies to scout of JV partners in India," the report added.

"Our visit to the SEMICON India 2025 has revealed a clear focus of the government on building supply chain for manufacturing for semiconductors and increasing the value addition," the report further added.

The report projects that India'...