Semiconductor Summit-2026 Attracts Investment Proposals worth ₹5,800 Cr, Over 10,000 Jobs Expected

Chief Minister Dr. Mohan Yadav said the Madhya Pradesh Semiconductor Summit-2026 had attracted investment proposals worth approximately ₹5,800 crore, with the potential to generate more than 10,000 jobs. Participation by over 1,000 delegates and delegations from Japan, South Korea, Taiwan and Sweden reflects growing global interest in the state’s semiconductor sector. The two-day summit features eight panel discussions, five roundtable meetings and six keynote addresses. It also includes stakeholder discussions on the Madhya Pradesh Semiconductor Policy-2026 and the MP Semicon Startup Challenge. Chief Minister Dr. Yadav addressed the inaugural session at the Brilliant Convention Centre in Indore on Friday.

Chief Minister Dr. Yadav said that under the leadership of Prime Minister Shri Narendra Modi, India is rapidly advancing towards self-reliance in the semiconductor sector. Developments once considered impossible are now becoming reality, and healthy competition among states is creating opportunities for progress across sectors. Madhya Pradesh is also advancing rapidly in step with the nation. He noted that the global shortage of semiconductor chips during the COVID-19 pandemic had disrupted development activities worldwide, highlighting the economic and strategic importance of the sector. The state government is committed to encouraging semiconductor investment and positioning Madhya Pradesh among the country’s leading technology hubs.

Chief Minister Dr. Yadav said the state government had formulated more than 25 policies in the past two-and-a-half years, opening up new avenues for investment and industrial growth. Transparent, simple and clear policies are creating investment opportunities across sectors. Through the Global Investors Summit and other initiatives, Madhya Pradesh has received investment proposals worth approximately ₹34 lakh crore, of which more than 30 per cent have progressed to ground-level implementation. The state government is working continuously to translate investment proposals into actual projects. He said Madhya Pradesh welcomes investors and is committed to working alongside them. Investor-friendly policies and swift decision-making have strengthened the confidence of industry. The government is working to prevent unnecessary delays in investment-related processes and ensure time-bound resolution of issues. Its approach prioritises decisions over files, projects over possibilities, and solutions over problems. He added that anyone who comes to Madhya Pradesh becomes a part of the state for life.

Chief Minister Dr. Yadav said Madhya Pradesh was advancing rapidly not only in agriculture but also in industry, technology and manufacturing. Efforts are underway to develop Gwalior as a telecommunications manufacturing hub, while the state is making significant progress in pharmaceuticals, textiles and defence production. The state’s power generation capacity has increased from approximately 5,000 MW to 32,000 MW. Madhya Pradesh has also made notable progress in renewable energy. Along with providing industries electricity at competitive rates, the government is expanding investment opportunities in the energy sector.

Chief Minister Dr. Yadav said the summit had facilitated detailed discussions with investors and entrepreneurs on chip design, advanced packaging, testing, artificial intelligence (AI), electronics and manufacturing. The state has a talented workforce and strong demographic potential. The government is committed to working with industry to translate these strengths into concrete projects. He added that protecting workers’ interests remained a priority alongside industrial development. Referring to the payment of outstanding dues to more than 7,000 workers of Indore’s Hukumchand Mill, he said the government was committed to workers’ welfare as well as industrial growth and would stand with all sections of society during difficult times.

Chief Minister Dr. Yadav, inviting industry representatives to participate in the upcoming Global Investors Summit (GIS), highlighted the wide-ranging investment and industrial development opportunities available in Madhya Pradesh. He urged investors to strengthen their partnerships with the state and expressed confidence that joint efforts by industry and the government would accelerate Madhya Pradesh’s industrial and technological development.

• Semiconductor Centre of Excellence: A Semiconductor Centre of Excellence will be established in the state to promote chip design, very-large-scale integration (VLSI), innovation, research and development, prototyping and skill development.

• Centre of Excellence for Photonics and Quantum Technologies: A dedicated centre will be established to create new opportunities in quantum computing, quantum communication, photonics, advanced materials and deep-tech research.

• High-Tech Industries to Be Prioritised Along the Indore–Ujjain Economic Corridor: Semiconductor, electronics manufacturing, advanced packaging, chip design and other high-tech industries will receive priority in the corridor’s development, accelerating the expansion of advanced technology and manufacturing in the state.

Chief Minister Dr. Mohan Yadav released the Madhya Pradesh Semiconductor Policy-2025 in Japanese, Taiwanese and Korean at the summit. He also visited the semiconductor exhibition and learned about technologies, innovations and indigenous chip manufacturing initiatives showcased by companies, startups and research institutions. An audio-visual film highlighting the key features of the Madhya Pradesh Semiconductor Policy-2025 and major industry events was also screened.

Chief Minister Dr. Yadav felicitated the winners of the MP Semicon Startup Challenge, organised in collaboration with Drishti CPS Foundation of IIT Indore. Following pitching sessions by 25 shortlisted startups working in semiconductors, electronics, embedded systems and deep-tech, 10 finalists were selected. A total prize money of ₹6 lakh was awarded, comprising ₹3 lakh for the first prize, ₹2 lakh for the second and ₹1 lakh for the third.

Urban Administration and Housing Minister Shri Kailash Vijayvargiya said Prime Minister Shri Narendra Modi had launched India Semiconductor Mission 1.0 and 2.0 to realise the vision of a developed India by 2047 and make the country self-reliant in semiconductors. Under the guidance of Chief Minister Dr. Yadav, Madhya Pradesh was also progressing rapidly towards this goal. He said effective, investment-oriented policies had been adopted across sectors to increase investment, which was a matter of pride. Madhya Pradesh was a suitable destination for secure investment and was making significant progress in semiconductors. The state was emerging as a technology investment hub and steadily expanding its contribution to India's development.

Chief Secretary Shri Ashok Barnwal said Madhya Pradesh was among the country's leading states for investment. The state had ranked among the top five large states in NITI Aayog's investment-friendliness report. Under the guidance of Chief Minister Dr. Yadav, Madhya Pradesh was working towards becoming a leading semiconductor hub. Industrial development, the availability of skilled human resources and investor-friendly policies offered significant opportunities to industry. He said the Ease of Doing Business Act was simplifying approval processes in industrial areas, relieving investors of unnecessary procedures.

The Global Skills Park in Bhopal and ITIs and polytechnic institutions across various districts were being developed under a hub-and-spoke model. This would help create a skilled workforce by providing training aligned with industry requirements. He urged industry representatives to widely promote Madhya Pradesh's investment potential and favourable policies and become partners in the state's industrial development.

Principal Secretary, Science and Technology Department, Shri M. Selvendran said the semiconductor sector would play an important role in achieving Prime Minister Shri Narendra Modi's vision of a developed India by 2047. The sector was crucial not only for economic progress but also for national sovereignty and strategic requirements. Under the leadership of Chief Minister Dr. Yadav, Madhya Pradesh was undertaking policy initiatives aligned with the Central Government's policies to encourage semiconductor investment. The state's objective was to develop Madhya Pradesh into one of India's leading semiconductor hubs, accelerating economic growth and contributing to the country's strategic advantage globally.

Vice-Chairman of AIGGPA, Professor Dr. Rajiv Dixit, said Madhya Pradesh was committed to developing its semiconductor and fabless sectors. The state's progressive policy, design-linked incentives, favourable geographical location and operating costs around 30% lower than those in metropolitan cities were attracting investors.

Lieutenant General Shri Praveen Bakshi, Commandant of MCTE, Indore, said modern warfare had become technology-driven. Indigenous technology and self-reliance in semiconductor manufacturing were essential for strategic security. The Indian Army was working in artificial intelligence, quantum technology and VLSI chip design. He said MCTE had signed an MoU with Madhya Pradesh in this field and work was underway on a cyber research centre in the state. An indigenous semiconductor chip had been designed in collaboration with IIT Indore. He added that Madhya Pradesh was making notable progress towards becoming a semiconductor manufacturing base.

In the presence of Chief Minister Dr. Mohan Yadav, the Madhya Pradesh State Electronics Development Corporation (MPSEDC) exchanged Memoranda of Understanding with five leading institutions to strengthen skill development, investment promotion, chip design, research, industry collaboration and technological capabilities. The partnership with the Electronics Sector Skills Council of India will focus on industry-oriented training, training of trainers, assessment and certification in electronics, Electronic System Design and Manufacturing (ESDM), and semiconductors. Collaboration with SEMI India will cover investment promotion and facilitation, engagement with global industries, showcasing Madhya Pradesh at SEMICON India, ecosystem and industrial park development, and business-to-business (B2B) and business-to-government (B2G) meetings. The agreement with the Semiconductor Laboratory (SCL), Mohali, will support chip design and design services, chip fabrication and packaging at the SCL facility, and training and industry-oriented programmes for engineering institutions in Madhya Pradesh. The International Semiconductor Industry Group, London, will collaborate on strategic consulting, international investment promotion, engagement with global investors and suppliers, and supply-chain development around anchor projects. The Indian Institute of Creative Technologies, Mumbai, will work with the state to establish an AVGC-XR Centre of Excellence in Madhya Pradesh and promote joint courses, faculty development, student internships and startup incubation.

Letters of Intent (LoIs) for land allotment for industrial projects were issued to five companies, proposing a total investment of ₹9,625 crore and generating more than 4,450 direct employment opportunities across Bhopal, Indore and Gwalior. CyTac RE will establish a 50 MW hyperscale data centre at Ganga Malanpur in Gwalior with an investment of ₹6,415 crore. Una Ecosystems Pvt. Ltd. will set up a 1.5 GWh lithium-cell manufacturing unit at EMC-2 in Bhopal with an investment of ₹2,000 crore. Auriga IT Solutions Pvt. Ltd. will establish a Global Capability Centre at Sinhasa IT Park in Indore with an investment of ₹500 crore, while Meena Circuits will set up an Electronic System Design and Manufacturing (ESDM) unit with an investment of ₹400 crore. Kaynes Electronics will establish an electronics manufacturing unit at IT Park, Badwai, Bhopal, with an investment of ₹310 crore, expected to generate approximately 950 jobs.

Chief Minister Dr. Yadav issued Letters of Intent for office space to seven major companies at the Electronics Complex in Pardesipura, Indore. A total area of 44,815.67 square feet will be leased to the companies, with the projects expected to generate more than 1,280 jobs.

The largest unit will be established by ADT Semiconductors, which will receive 16,508 square feet of space and is expected to create 500 jobs. Bengaluru-based ADT Semiconductors Pvt. Ltd. will establish an R&D Design Centre and a Maven Silicon Centre of Excellence.

Hyderabad-based Spintronics AI Semiconductors Pvt. Ltd. will undertake semiconductor design, product development and engineering support activities, creating 250 jobs.

Indore-based IkshvakuMedia Pvt. Ltd. will establish a generative AI-based digital content production studio and an AVGC-XR Centre of Excellence for skill development, generating 200 jobs.

Singapore-based H-Semi Products Pvt. Ltd. will undertake R&D for OSAT units and produce first-article inspection samples, creating 150 jobs. New Delhi-based Truechip Solutions Pvt. Ltd. will generate 100 jobs through semiconductor design services.

Bhopal-based SFA Technologies Pvt. Ltd. will create 50 jobs through IT and IT-enabled services, while Ghaziabad-based Kishkindha International Pvt. Ltd. will generate 30 jobs through ESDM chip design, VLSI, and verification, prototyping and testing at semiconductor laboratories.

Chief Minister Dr. Yadav held one-to-one meetings with representatives of more than 12 leading companies and institutions to explore investment opportunities in semiconductors, electronic system design and manufacturing (ESDM), data centres, IT infrastructure, AVGC-XR and health-tech. The meetings resulted in investment proposals exceeding ₹5,800 crore, with the potential to generate more than 10,000 jobs.

Chief Minister Dr. Yadav assured investors of all possible support, including single-window clearances, speedy approvals and affordable electricity available round the clock. Discussions with Dr. Shyam R. Singhania, Chairman of the ENAR Group, focused on the development of data centres and related infrastructure. Opportunities in IT infrastructure and data centres were also discussed with Shri A. Shankar, India Head of JLL, and Senior Director Shri Simon Thomas.

In semiconductor manufacturing and chip design, Lalwala Industries, led by CEO Shri Saurabh Harivadan Lalwala, proposed an investment of ₹1,200 crore, creating 300 jobs. Spintronics AI, represented by Founder and CEO Shri Raghu Verma and Managing Director Shri Srijit Paruchuri, proposed an investment of ₹1,800 crore in two phases, with 150 jobs. Indusilica Semiconductors, represented by Co-founders Shri Sunil Rawat and Shri Aditya B. Malik, proposed an investment of ₹100 crore, creating 150 jobs. Nanodrites Technology, represented by Managing Director Shri Harshit Tiwari, proposed an investment of ₹65 crore, generating 140 jobs. Truechip, represented by CEO Shri Nitin Kishore and Shri Ranveer, proposed an investment of ₹10 crore, creating 50 jobs. Discussions with these companies covered semiconductor manufacturing, fabless technology, chip design and opportunities to expand projects.

Mirafra Founder and CEO Shri Alok discussed the expansion of chip design services. Professor Lung-Jieh Yang, Science Director in the Science and Technology Division of the Taipei Economic and Cultural Center in India, discussed opportunities to attract semiconductor investment from Taiwan and strengthen scientific and technological cooperation. In the ESDM sector, Shri Shinichi Saito and CEO Shri Vishal Singh of Una Ecosystems Pvt. Ltd. proposed an investment of ₹2,000 crore, expected to generate 2,000 jobs, and discussed establishing a manufacturing unit. In the AVGC-XR sector, representatives of Beyond Studios, Shri Bharat Bhushan (Sebastian) and Shri Sebastian Noah Acosta Jr., proposed an investment of ₹110 crore to create 360 jobs. In health-tech, Shri D. S. N. Murthy of Dhanush Healthcare Systems presented a plan to invest ₹400 crore and generate 500 jobs. Discussions focused on investment, technological development and employment opportunities in these sectors.

Shri Santosh Kumar of Paras Semiconductors said semiconductor chips were vital for next-generation communication. He noted that the Madhya Pradesh government was providing continuous support under the leadership of Chief Minister Dr. Yadav.

Paras Semiconductors plans to invest ₹6,000 crore in a semiconductor assembly unit. Shri Kumar said the company would work with the state government to establish Madhya Pradesh as an important player on the global semiconductor map. The proposed unit would play a significant role in developing the semiconductor ecosystem, equipping young people with advanced skills and creating employment.

Shri Shinichi Saito, CEO, Global Business, of Japan's Una Ecosystems Pvt. Ltd., said the company was committed to strengthening India-Japan cooperation in semiconductors and advancing green-energy-based technologies. He expressed confidence that, with the state government's support, the company would establish a successful enterprise in Madhya Pradesh and contribute to the vision of a developed India.

Dr. Satya Gupta, President of VLSI, described the Madhya Pradesh Semiconductor Policy-2025 as one of the best in the country. He said the state's policy initiatives, sustained government support and handholding made Madhya Pradesh a leading destination. He expressed confidence that five semiconductor manufacturing units and around 20 fabless companies would be developed in the state over the next five years.

Professor Lung-Jieh Yang of the Taipei Economic and Cultural Center in India shared information on Taiwan's work in semiconductors, AI servers and integrated circuits. He appreciated Indore and discussed opportunities for investment and technological cooperation in Madhya Pradesh.

Shri Nitin Kishore, CEO of Truechip Solutions Pvt. Ltd., praised the state's investor-friendly policies and said his team was keen to work with a global semiconductor research institute in Madhya Pradesh.

A total of 57 exhibitors participated in the MP Pavilion, showcasing their work through 70 booths and three large stalls. Industry representatives, startups, research institutions, universities and government departments presented their initiatives.

Global companies including Analog Devices, Teradyne, HTL (Japan) and Impact Japan—representing Oxide Corporation, Scale Photonics and Ultrasonic Engineering—showcased semiconductor testing equipment, lasers, wire bonders and photomask technologies.

S CL Mohali, CSIR-CEERI Pilani, RRCAT, MSTE Mhow and IIT Indore displayed indigenous chips and research initiatives. Paras Semiconductors, Squabank, fabless startups and universities from across Madhya Pradesh also participated.

Water Resources Minister Shri Tulsiram Silawat, the local Member of Parliament, legislators and other public representatives were present at the event.