The carnage witnessed across industries over the shortage of chips has spotlighted the need to establish a robust semiconductor ecosystem in India. Several sectors, including electronics, auto and medical technology, have been severely hit by the scarcity of chips that are manufactured mainly in East Asia. Against this backdrop, the Union Cabinet recently approved a 'comprehensive programme for the development of a sustainable semiconductor and display ecosystem'. This programme emphasised that India intends to play a more prominent role in the hyper-globalised semiconductor supply chain.