Indian Semiconductor Association president Poornima Shenoy predicted that the market for electronics goods would reach $363 billion by 2015 and push up domestic demand.
The recently announced semiconductor policy would further trigger investment, industry officials felt.
SemIndia founder chairman and CEO Vinod Agarwal said "...this semiconductor policy will lead to the same kind of achievements that the software policy did about 15 years back."
The incentive package for the semiconductor industry is "reasonable" enough to excite global investors to invest in India, where the investment commitment over the next three years is expected to be in the range of $6-10 billion, officials said.