Design starts in India are growing in both numbers and complexity - from
280 in 2005 to a projected 2,173 in 2015.
Semiconductor sales in India are forecast to grow from $2.82 Billion in
2005 to $36.3 Billion by 2015
Source: http://www.embedded.com/esc/india
Other relevant articles:
http://www.eetindia.co.in/ART_8800416758_1800007_NT_6765c6b2.HTM
Indian Semiconductor Industry