Global As India builds chips and batteries, one chemical firm is betting on both Madhvendra 8 min read 17 Jan 2026, 07:00 am IST India’s semiconductor market is projected to double from ₹4.5 trillion in 2024 to ₹9 trillion by 2030, driven by a surge in demand. (Image: Pixabay) Summary A mid-sized API manufacturer is moving into semiconductor and battery chemicals, segments critical to India’s localization push and fraught with execution risk. Gift this article This is a Mint Premium article gifted to you.