New Delhi, May 29 -- Building a globally competitive semiconductor industry in India will require nearly US $135-180 billion of investments over the next decade to support design, fabrication, advanced packaging, materials and infrastructure, government think tank NITI Aayog said in a report released on Friday.

NITI Aayog said the union government should commit at least one-third of the required investment to de-risk projects and anchor long-term investor confidence. This, in turn, could draw private capital at scale, it added in the report titled, 'Future of India's semiconductor industry,' released by finance and corporate affairs minister Nirmala Sitharaman and railways, information and broadcasting and electronics and IT minister Ash...