Netrasemi has called for the government to become a direct customer for domestic chipmakers through tailored procurement policies, moving beyond R&D subsidies. According to reports from Mint, cofounder Jyothis Indirabhai stated that while the Centre's ₹1.28 trillion incentive plan is welcome, it remains incomplete as it lacks market advantages for commercialization. The Zoho-backed chip design startup emphasized that commercialization support is more critical than development funding for the chip ecosystem.
Netrasemi has raised ₹125 crore in total funding, with one-fourth spent on development as reported by Mint. The startup launched its first chip in May targeting drones, security cameras, robotics, and automation sectors. The company reported ₹1.66 crore in revenue in FY25, its latest available financials accessed via business intelligence platform Tofler. Netrasemi is currently in discussions with over 20 companies, including four to five major OEMs, with significant volume potential across automotive and surveillance sectors.
According to Mint reports, Indirabhai highlighted that existing localization requirements in devices such as security cameras are currently met through assembly and components, where key chips are procured from global firms. This prevents Indian chipmakers from benefiting directly from localization mandates. The startup is working with three early partners across automotive and surveillance sectors, including a tier II automotive company in Japan, demonstrating international market interest.
Industry stakeholders have backed Netrasemi's position on procurement reforms. Ashok Chandak, president of India Electronics and Semiconductor Association (Iesa), suggested clear guidance to government departments to encourage domestic semiconductor products through pilot projects and field trials. Kanishka Chauhan from Gartner recommended revising tender structures to favor local chip sourcing, suggesting 10-20% evaluation price preference for domestic products meeting all technical requirements.
As reported by Mint, a senior Meity official indicated on August 18 that while a formal local procurement policy is not yet in place, national security requirements in non-licensed fields could create markets for indigenous chipmakers. The official noted that there will be national security requirements in various strategic areas that could boost market creation for Indian chip companies. This government stance aligns with Netrasemi's call for direct government support as an anchor customer for domestic semiconductor innovation.
