India, Oct. 22 -- India's manufacturing story is moving beyond assembling finished products. Startups are developing specialised components, materials and engineering systems that power industries ranging from electric mobility and aerospace to energy storage and computing infrastructure.

The semiconductor industry offers one indication of this shift. At SEMICON India 2026 in September, the government outlined the next phase of the India Semiconductor Mission, spanning chip design, materials, manufacturing equipment, fabrication, advanced packaging and research. The push reflects India's ambition to build domestic capabilities across the semiconductor value chain.

Policy support is also extending to other manufacturing-intensive sectors...