India expands its role in global technology supply chains

01The Story新闻事实

India is strengthening its position in semiconductors, electronics manufacturing and digital services through incentives, supply-chain localization and Apple initiatives. The country is attracting materials suppliers and expanding iPhone assembly, but Apple’s decision to keep development and assembly of its most complex phone in China highlights continuing limits in India’s engineering and manufacturing capabilities.印度正通过激励政策、供应链本地化和 Apple 的相关举措，加强其在半导体、电子制造和数字服务领域的地位。印度吸引材料供应商并扩大 iPhone 组装规模，但 Apple 仍将其最复杂手机的研发和组装留在中国，显示印度的工程和制造能力仍存在限制。

India’s Semicon 2.0 incentive scheme is valued at INR1.27 trillion, or approximately US$13.22 billion.印度 Semicon 2.0 激励计划规模为 1.27 万亿印度卢比，约合 132.2 亿美元。
Guidelines issued on September 17, 2026 bar approved semiconductor projects from selling, disposing of or mortgaging assets until the entire project reaches declared commercial production.2026 年 9 月 17 日发布的指南规定，获批半导体项目在整个项目宣布进入商业生产前，不得出售、处置或抵押项目资产。
Materials suppliers from the US, Japan and South Korea are seeking sites near Tata Electronics’ Dholera fab and packaging plants under development in Sanand, Gujarat.来自美国、日本和韩国的材料供应商正寻求在靠近 Tata Electronics Dholera 晶圆厂及古吉拉特邦 Sanand 在建封装厂的地点布局。
Apple Pay launched in India on September 30 for eligible Axis Bank Visa and Mastercard credit cardholders, alongside the country’s existing UPI system.Apple Pay 于 9 月 30 日在印度推出，初期面向符合条件的 Axis Bank Visa 和 Mastercard 信用卡持卡人，并与印度现有的 UPI 系统并存。
Apple kept development and assembly of its first foldable iPhone, the iPhone Duo, in China despite record export levels for iPhones assembled in India.尽管印度组装 iPhone 的出口量达到创纪录水平，Apple 仍将其首款折叠 iPhone iPhone Duo 的研发和组装留在中国。
China’s share of global solar module demand is expected to fall below 40% in 2026, down 12 percentage points year over year, as Europe and India gain ground.随着欧洲和印度份额上升，预计中国在 2026 年全球太阳能组件需求中的占比将降至 40% 以下，同比下降 12 个百分点。

India is gaining importance as an assembly and supply-chain location, while the treatment of complex product engineering and high-value manufacturing remains a key test.印度作为组装和供应链布局地的重要性正在上升，但复杂产品工程和高价值制造能力仍是关键考验。

024 Dimensions维度分析

Cause因果关系

Incentives come with stronger controls激励政策伴随更严格的约束

The Semicon 2.0 framework combines substantial public support with lock-in conditions on project assets, operations and ownership. These rules link access to incentives with the completion of commercial production.Semicon 2.0 框架在提供大规模公共支持的同时，也对项目资产、运营和所有权设置锁定条件。这些规定将激励政策的适用与商业生产完成联系起来。

Semicon 2.0 incentive schemeSemicon 2.0 激励计划

1.27 trillion INR1.27万亿印度卢比

20262026年

20262026年1.27 trillion INR

approximately US$ billion约合十亿美元13.22 trillion INR

The asset restrictions apply until commercial production of the entire approved project is declared.资产限制将持续到整个获批项目宣布进入商业生产为止。

Stakeholder impact利益相关方

Localization is extending beyond factories本地化正从工厂延伸到供应商

India’s semiconductor expansion is attracting suppliers of industrial gases, wet chemicals and photoresists. Their moves indicate that localization is developing around both wafer fabrication and packaging operations.印度的半导体扩张正在吸引工业气体、湿化学品和光刻胶供应商。相关企业的布局表明，本地化正在晶圆制造和封装业务周边同步发展。

Tata Electronics’ Dholera fab and a cluster of packaging plants in Sanand are under way.Tata Electronics 的 Dholera 晶圆厂以及 Sanand 的封装厂集群正在建设中。
Suppliers from the US, Japan and South Korea are seeking positions close to future customers in Gujarat.来自美国、日本和韩国的供应商正寻求在古吉拉特邦靠近未来客户的位置布局。

Contradiction矛盾之处

Apple’s presence reveals a capability gapApple 的布局暴露能力差距

India is becoming indispensable to Apple’s assembly operations, but the company’s decision to keep the iPhone Duo’s development and assembly in China shows that manufacturing scale has not yet translated into equivalent engineering capability.印度正成为 Apple 组装业务不可或缺的一环，但 Apple 将 iPhone Duo 的研发和组装留在中国，表明制造规模尚未转化为同等水平的工程能力。

iPhones assembled in India have reached record export levels.印度组装 iPhone 的出口量已达到创纪录水平。
The iPhone Duo remains developed and assembled in China.iPhone Duo 仍在中国进行研发和组装。

Future signal前瞻信号

India gains ground in digital and energy markets印度在数字和能源市场取得进展

Apple Pay adds a global wallet to India’s payments landscape, but its initial reach depends on bank and merchant integrations alongside the dominant UPI system. India is also part of a broader shift in solar module demand as China’s share declines.Apple Pay 将全球化钱包带入印度支付市场，但其初期覆盖范围取决于银行和商户整合，并需与占主导地位的 UPI 系统并存。与此同时，随着中国占比下降，印度也参与了太阳能组件需求的更广泛转移。

China share of global solar module demand中国占全球太阳能组件需求的比例

20262026年40 percent, below

Apple Pay initially serves eligible Axis Bank Visa and Mastercard credit cardholders.Apple Pay 初期面向符合条件的 Axis Bank Visa 和 Mastercard 信用卡持卡人。
Europe and India are gaining ground in global solar module demand.欧洲和印度在全球太阳能组件需求中的份额正在上升。

03Timeline时间线

2026-09-17 India issued Semicon 2.0 guidelines imposing asset, operations and ownership lock-in conditions before full commercial production.印度发布 Semicon 2.0 指南，在项目全面进入商业生产前对资产、运营和所有权实施锁定条件。
2026-09-30 Apple Pay launched in India for eligible Axis Bank Visa and Mastercard credit cardholders.Apple Pay 在印度面向符合条件的 Axis Bank Visa 和 Mastercard 信用卡持卡人推出。
2026 China’s share of global solar module demand is expected to fall below 40%, down 12 percentage points year over year.预计中国在全球太阳能组件需求中的占比将降至 40% 以下，同比下降 12 个百分点。

Key takeaway核心结论

India is broadening its technology supply-chain role, but its progress remains stronger in assembly and localization than in the engineering of the most complex products.印度正在扩大其科技供应链角色，但其进展在组装和本地化方面仍强于最复杂产品的工程研发。

04What to Watch后续关注

Whether Semicon 2.0 projects progress to full commercial production under the new asset lock-in rules.Semicon 2.0 项目能否在新的资产锁定规则下推进至全面商业生产。
Whether materials suppliers continue establishing operations near semiconductor and packaging projects in Gujarat.材料供应商是否继续在古吉拉特邦半导体和封装项目附近布局业务。
Whether Apple Pay expands beyond its initial eligible Axis Bank cardholder base through additional bank and merchant integrations.Apple Pay 能否通过更多银行和商户整合，扩大超出初始 Axis Bank 合资格持卡人范围的覆盖。
Whether India develops the engineering capabilities needed for more complex Apple products.印度能否发展出制造更复杂 Apple 产品所需的工程能力。

05Uncertainties不确定因素

The source does not specify when India might begin developing or assembling the iPhone Duo.来源未说明印度何时可能开始研发或组装 iPhone Duo。
The initial scale and future expansion of Apple Pay in India depend on bank and merchant integrations.Apple Pay 在印度的初始规模及未来扩张取决于银行和商户整合情况。
The source does not provide a detailed timetable for the Dholera fab, Sanand packaging plants or the supplier facilities.来源未提供 Dholera 晶圆厂、Sanand 封装厂及供应商设施的详细时间表。

06Sources信息来源

India roundup: India deepens its role in global technology supply chainsIndia roundup: India deepens its role in global technology supply chains DIGITIMES · 2026-10-04

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