India’s first privately funded Theoretical Physics Institute signals a new approach to research

As India seeks to strengthen its scientific capabilities and emerge as a developed nation by 2047, a new initiative is testing whether private philanthropy can play a larger role in advancing fundamental science.

The Lodha Foundation has launched the Lodha Theoretical Physics Institute (LTPI), which it describes as India’s first fully privately funded institute dedicated exclusively to theoretical physics research. The institute aims to support long-term, curiosity-driven scientific inquiry by bringing together leading researchers from India and around the world.

Why a private theoretical physics institute matters

The launch comes at a time when discussions about India’s research ecosystem are increasingly focused on how the country can not only expand scientific output but also build globally competitive institutions capable of producing breakthrough discoveries.

At the heart of the new institute is a belief that transformative technological revolutions often originate from advances in basic science.

Theoretical physics may appear distant from everyday concerns, but history suggests otherwise. Quantum mechanics, once regarded as a highly abstract field, laid the foundation for semiconductors, lasers, modern electronics and many technologies that shape contemporary life. Similar advances in fundamental science continue to influence emerging areas such as quantum computing, advanced materials and next-generation communications.

The Lodha Foundation believes that supporting excellence in foundational research is critical for India’s long-term development.

“At the Lodha Foundation, we believe that pursuing excellence in everything we do is essential to creating the greatest possible impact. Whether it is identifying talented minds across the country and supporting them through transformative programmes, investing in urban sustainability solutions, or fostering innovation and research through institutions such as the Lodha Mathematical Sciences Institute and now the Lodha Theoretical Physics Institute, our goal is to contribute meaningfully to India’s journey towards becoming a developed nation,” said Abhishek Lodha, Trustee of the Lodha Foundation and Managing Director and CEO of Lodha Developers.

The institute will be led by Jainendra K. Jain, one of the world’s leading theoretical physicists and a recipient of the Wolf Prize in Physics. Jain’s pioneering work on composite fermions has significantly advanced the understanding of correlated quantum matter and continues to shape modern theoretical physics.

According to Jain, investment in theoretical physics is ultimately an investment in the future of science and technology.

“Theoretical physics lies at the heart of our understanding of nature. Advances in theoretical physics have historically shaped scientific thought and laid the foundation for transformative developments across multiple fields,” he said.

Theoretical Physics Institute and National Aspirations

Jain also linked the institute’s mission to India’s broader national aspirations.

“If India is to become a developed nation by 2047, it will need strong institutions backed by world-class scientific research infrastructure. In that context, LTPI is a significant step forward, as it is the country’s first fully privately funded institute dedicated to physics research,” he said.

Unlike many research initiatives that focus on short-term outcomes or commercial applications, LTPI intends to create an environment where scientists can pursue ambitious questions over extended periods of time. The institute plans to support focused research programmes, international conferences and collaborations among leading physicists.

Ashish Kumar Singh, Chief Mentor of the Lodha Foundation, said the vision is to create a space where scientific curiosity can thrive without unnecessary constraints.

“The idea is to bring together some of the brightest minds from around the world and give them the freedom to think deeply about physics without constraints. When exceptional minds come together, exceptional outcomes often follow. That is the bet we are making for India,” he said.

The launch also highlights a growing trend in scientific philanthropy. While private funding has long played a role in higher education and healthcare in India, dedicated philanthropic investment in fundamental scientific research has remained relatively limited. Institutions such as LTPI could signal a new model in which private donors complement public investments in building advanced research capacity.

To mark its launch, LTPI is hosting the 10th International Meeting on Emergent Phenomena in Quantum Hall Systems (EPQHS-10), bringing together leading researchers working on quantum matter and condensed matter physics. The event also featured a public lecture by Nobel laureate Klaus von Klitzing, whose discovery of the Quantum Hall Effect transformed precision measurement science.

Whether LTPI ultimately succeeds will depend on its ability to attract top scientific talent, produce influential research and establish itself as a globally respected centre for theoretical physics. But its creation raises a broader question for India’s scientific future: can philanthropy help build the institutions needed to support the next generation of fundamental discoveries?

The answer could have implications far beyond physics, shaping how India invests in knowledge creation and scientific excellence in the decades ahead.

Quantum innovation in India is gaining momentum as research institutions, startups and investors work to transform scientific breakthroughs into commercially viable technologies. The launch of new initiatives at IISc highlights the country’s growing ambition to become a global leader in deep-tech and quantum entrepreneurship.

India’s ambitions in quantum technology received a fresh boost this month with the launch of the Wadhwani-IISc Innovation Centre and a new startup acceleration platform aimed at supporting quantum entrepreneurs. While the announcements themselves may appear institutional, they point to a much larger question: Can India convert its growing scientific capabilities in quantum technologies into globally competitive companies and products?

The answer could shape the country’s future position in one of the most strategically important technological fields of the coming decades.

Quantum technologies, which include quantum computing, quantum communication and quantum sensing, are expected to transform sectors ranging from cybersecurity and healthcare to finance, defence and advanced manufacturing. Governments across the world are investing billions of dollars to secure leadership in the field, viewing quantum technologies not only as economic opportunities but also as matters of national security.

Quantum Innovation in India Enters a New Phase

India has recognised this potential. In recent years, the government launched the National Quantum Mission, committing significant resources to strengthen research and build indigenous capabilities. Academic institutions such as the Indian Institute of Science (IISc), IITs and specialised research centres have expanded their work in quantum science, while a small but growing ecosystem of startups has begun exploring commercial applications.

Yet the challenge extends beyond scientific research.

India has traditionally been strong in producing scientific talent but less successful in translating laboratory discoveries into scalable products and globally recognised technology companies. Bridging that gap requires a combination of research infrastructure, risk capital, industry partnerships and entrepreneurship support.

Bridging the Gap Between Research and Industry

This is where initiatives such as the newly launched Wadhwani-IISc Innovation Centre seek to make a difference. The centre aims to connect researchers, entrepreneurs and industry partners, creating pathways for technologies developed in laboratories to reach markets. It forms part of the broader Wadhwani Innovation Network, which seeks to strengthen deep-tech commercialisation across Indian institutions.

“Quantum technologies represent one of the most transformative frontiers of science and innovation. Through the Wadhwani-IISc Innovation Centre, Quantum Pitch Fest, and the InQubate platform, IISc is creating a collaborative ecosystem to help researchers and entrepreneurs translate cutting-edge quantum research into scalable technologies and globally competitive ventures,” said B Gurumoorthy, Director of the Foundation for Science, Innovation and Development (FSID), IISc.

The launch coincided with Quantum Pitch Fest 2026, where researchers and startups presented ideas spanning quantum computing, communication and sensing. Such forums are increasingly important because quantum innovation often requires long development cycles, specialised expertise and sustained investment before commercial returns become visible.

For India, the opportunity lies not only in producing scientific publications but also in building intellectual property, manufacturing capabilities and globally relevant enterprises. Countries that succeed in commercialising quantum technologies could gain advantages in secure communications, advanced computing and next-generation sensing systems.

Dr Ajay Kela, CEO and Board Member of the Wadhwani Foundation, highlighted the importance of accelerating this transition from research to impact.

“India has world-class research talent and scientific capability. The next frontier is accelerating the translation of research into scalable products, startups, and societal impact. Through the Wadhwani Innovation Network, we are working closely with leading institutions like IISc to help build stronger innovation ecosystems that can take breakthrough ideas from lab to market faster.”

Former ISRO Chair A.S. Kiran Kumar also stressed that technological progress must ultimately serve societal needs.

“Technology alone is not important; how these technological capabilities are used for developing society and country matters more.”

His remarks reflect a recurring lesson from India’s scientific history. Success stories such as the space programme and nuclear energy initiatives were built not only on scientific excellence but also on long-term institutional support, strategic vision and sustained investment.

Quantum technology may now represent the next chapter in that story.

Whether India emerges as a global leader in the field will depend on how effectively it can connect research laboratories with entrepreneurs, investors and industry. The launch of new innovation platforms at IISc suggests that the country is beginning to build those bridges. The real test, however, will be measured not by the number of research papers published, but by the technologies, startups and industries that emerge from them.

India’s semiconductor ambition is not merely an industrial policy experiment—it is an attempt to rebuild a technological capability lost decades ago, and to do so in a world where chips have become instruments of economic power and geopolitical leverage. From the ashes of an early setback to a renewed push backed by billions in investment, the country is seeking to construct an ecosystem that spans physics, engineering, and global supply chains. The challenge is not simply to manufacture chips, but to master the science, scale, and systems that define the industry—an effort that will unfold not over years, but over generations.

From early setbacks to a renewed national push, India is attempting to build one of the world’s most complex industrial ecosystems – where physics, policy, and geopolitics converge.

In the early months of 1989, India’s most ambitious experiment in semiconductor manufacturing came to an abrupt halt. A fire tore through the country’s primary chip fabrication facility in Mohali, Punjab, crippling an ecosystem that had taken years to build and, more importantly, interrupting a trajectory that might have placed India far closer to the global frontier.

The Semiconductor Complex Limited (SCL), established in 1976, had begun producing chips in 1984—at 5000 nanometers, just one generation behind global standards. India was not leading the semiconductor race, but it was not far behind either—especially in an industry where catching up later becomes exponentially harder.

This was only 13 years after Intel introduced the world’s first microprocessor—and three years before Taiwan Semiconductor Manufacturing Company (TSMC) began production. The fire changed everything. Its cause was never officially determined. Investigators noted that it appeared to have started at multiple points—fuelling speculation of sabotage. What followed was not just physical damage, but institutional collapse.

India lost infrastructure.

India lost talent.

India lost time.

The disruption was not merely industrial. It was institutional. Engineers dispersed, expertise dissipated, and momentum stalled. By the time operations resumed years later, the global semiconductor landscape had already shifted irreversibly. Today, SCL—now a research-focused facility—produces legacy chips of around 180 nanometers, primarily for defence and space applications. Meanwhile, TSMC is manufacturing 3-nanometer chips and preparing for 2-nanometer production. 

The gap is not incremental, it is generational. India imported semiconductor chips worth nearly $20 billion in 2024, with demand growing rapidly as electronics penetrate every aspect of life. And yet, semiconductors remain invisible—embedded in everything, owned by others. TSMC produces chips for global giants like Apple and Nvidia. SCL serves strategic domestic needs

More than three decades on, India is attempting to rebuild that lost trajectory.

But the context has changed. Semiconductors are no longer obscure components buried within devices. They are the foundation of artificial intelligence, telecommunications, defence systems, and economic competitiveness. They shape not just markets, but geopolitics.

India is not simply re-entering an industry it once attempted to build. It is stepping into one of the most complex and strategically contested systems in the modern world.

In March 2026, Prime Minister Narendra Modi inaugurated a INR 3,300 crore semiconductor facility in Gujarat, declaring India a “reliable global supplier” in an increasingly fragmented chip economy. Around the same time, Union Minister Ashwini Vaishnaw announced that multiple semiconductor plants are expected to come online over the next few years, with the first fabrication output targeted before the end of the decade. But behind the announcements lies a deeper reality. India is not building a factory. It is attempting to build one of the most complex scientific-industrial ecosystems ever created.

The Physics Beneath the Industry

To understand the scale of India’s ambition, it is necessary to understand what a semiconductor actually is—not as a product, but as a process. Modern chips are constructed at nanometre scales, where the behaviour of electrons begins to defy classical expectations. Transistors—billions of which are embedded within a single chip—operate by controlling the flow of these electrons through carefully engineered silicon structures. But as these structures shrink, the physics becomes increasingly unstable.

Electrons leak across barriers that were once reliable. Heat accumulates in ways that are difficult to dissipate. Materials behave unpredictably under extreme miniaturisation. What appears as incremental progress in computing power is, in reality, a constant negotiation with the limits of matter.

“A single wafer can take three to four months to manufacture, and there are hundreds of layers that have to be deposited,” notes Neelkanth Mishra, an expert on India’s semiconductor policy and Chief Economist at Axis Bank.

Each of these layers involves a sequence of deposition, etching, doping, and cleaning processes, repeated dozens of times with near-perfect precision. The tolerances are so tight that even microscopic contaminants can render entire batches unusable.

“The chemicals used in wafer cleaning are extraordinarily high purity, and even small impurities can affect yields,” Mishra adds. The process is not only delicate but energy-intensive. As IIT Bombay’s Udayan Ganguly explains, a single thermal step in fabrication can raise the temperature of a silicon wafer from ambient levels to over 1,000 degrees Celsius within seconds, requiring enormous power and precise control.

What emerges from this process is not simply a manufactured object, but a highly controlled physical system—engineered at scales where conventional intuition no longer applies.

A System Defined by Control

If the science of semiconductors is unforgiving, the global ecosystem built around it is equally restrictive.

“From design software to lithography to testing equipment, 90% of the industry is controlled by just two or three companies in each segment,” Mishra observes.

This concentration reflects decades of accumulated expertise, capital investment, and intellectual property. In some areas, such as extreme ultraviolet lithography—the process required to produce the most advanced chips—the dependence is even more pronounced.

“If you want to do extreme ultraviolet lithography, there is only one company in the world that can do it.” Such chokepoints have transformed semiconductors into strategic assets. Access to technology is no longer determined solely by markets, but increasingly by geopolitical alignment and national priorities.

For countries seeking to build domestic capabilities, this creates a paradox: the need to integrate into a global system while simultaneously reducing dependence on it.

India’s Semiconductor Industry: Policy Meets Scale

India’s renewed push into semiconductors is structured around this tension.

The India Semiconductor Mission, launched in 2022 with a substantial fiscal outlay, represents one of the most ambitious industrial policy initiatives in the country’s recent history. Since then, the government has approved ten semiconductor projects with investments exceeding ₹1.6 lakh crore across six states, covering fabrication, packaging, and specialised semiconductor technologies.

This is not an isolated effort. It is an attempt to build multiple layers of the value chain simultaneously. Early investments have focused on assembly, testing, and packaging facilities—segments that are less capital-intensive and can be scaled relatively quickly. Projects such as the Micron packaging facility in Gujarat, along with other recently approved units, are expected to serve as entry points for building industrial capability.

At the same time, larger and more complex initiatives—such as the proposed fabrication facility in Dholera—are intended to anchor the ecosystem over the longer term.

The second phase of the mission signals a shift in emphasis. Beyond manufacturing, the focus is expanding to include materials, equipment, and intellectual property—areas that are critical for long-term self-reliance.

Prime Minister Narendra Modi has framed semiconductors as central to India’s technological future, calling for the country to become a “reliable global supplier.” Union Minister Ashwini Vaishnaw has indicated that multiple plants are expected to become operational within this decade.

India’s Semiconductor Industry and The Design Advantage

Despite its limited manufacturing footprint, India occupies a significant position in the global semiconductor landscape through design.

Nearly one-fifth of the world’s semiconductor design engineers are based in the country. Global firms rely on Indian teams to develop chips used in everything from consumer electronics to advanced computing systems. Nearly 20% of the global semiconductor design workforce is based in India. Companies such as Intel, Qualcomm, Nvidia, AMD, and Broadcom rely on Indian engineers for chip design.

“In a ten-dollar chip, five to six dollars of value is captured by the designer,” Mishra points out. This concentration of talent provides India with a strategic advantage, particularly in a world where intellectual property increasingly determines value. India has mastered design. What it has not yet built is manufacturing scale. However, this strength has historically been tied to global companies. The challenge now is to translate it into domestic capability—developing Indian firms that can own and commercialise their designs.

The Ecosystem Question

The central challenge for India lies not in any single segment of the semiconductor value chain, but in the integration of all its components.

“You cannot just build wafer fabs. You need everything—from capital equipment to chemicals—to make the ecosystem viable,” Mishra says.

A semiconductor industry requires:

• Reliable energy and water infrastructure
• Access to specialised materials and gases
• Advanced manufacturing equipment
• A continuous pipeline of skilled talent

It also requires coordination across institutions.

“The ecosystem is a triple helix—academia, industry, and government,” says Swaroop Ganguly of IIT Bombay. “Without tight collaboration, it cannot work.”

This interdependence makes semiconductors fundamentally different from most other industries. Progress in one area depends on parallel advances in others.

Institutions That Sustained the Science

Even during the decades when India lacked large-scale manufacturing, certain institutions preserved and advanced semiconductor research.

At IIT Bombay, work in microelectronics dates back to the 1970s, when the institute began building capabilities in semiconductor devices and integrated circuits. Over time, this evolved into more sophisticated infrastructure, including cleanroom facilities and collaborative programmes with organisations such as ISRO.

The establishment of the Centre of Excellence in Nanoelectronics (CEN) in the early 2000s further strengthened this foundation, enabling advanced research in semiconductor devices and fabrication techniques. By the late 2010s, India had emerged as a significant contributor to global semiconductor research, with IIT Bombay playing a leading role in experimental nanoelectronics.

In 2023, these efforts were consolidated under SemiX, a dedicated centre aimed at integrating research, talent development, and industry collaboration.

The Economics of Dependence

Semiconductors underpin virtually every modern activity, yet their economic footprint often goes unnoticed. “Every time you go to a doctor, drive a car, or watch a movie—you are effectively paying a semiconductor fee,” says Udayan Ganguly.

The observation is less rhetorical than it appears. As digital systems expand, the cost of semiconductors becomes embedded in everything from healthcare to transportation.

“If India does not control semiconductors to some extent, we are basically fighting a losing battle.”

This framing shifts the conversation from industrial policy to economic sovereignty. Control over semiconductors is not merely about manufacturing capacity; it is about retaining value within the economy.

Innovation as a Continuous Process

One of the defining characteristics of the semiconductor industry is its pace of change. “Semiconductors are not a bandwagon you jump onto—it’s a treadmill,” Ganguly notes. “If you stop running, you fall off.” Technological progress is relentless. Every generation of chips introduces new architectures, materials, and manufacturing techniques. Companies that fail to keep up quickly lose relevance.

“You cannot just build a plant and expect to coast,” Udayan Ganguly adds.

For India, this implies that building initial capacity is only the first step. Sustained investment in research and development will be essential to remain competitive.

Scaling Talent and Capability

India’s talent base is often cited as its greatest advantage, but scaling that advantage presents its own challenges. “We have the core capability,” says Udayan Ganguly. “But to meet demand, we need to scale talent by at least ten times.” This expansion cannot rely solely on elite institutions. It requires a broader transformation of engineering education, incorporating interdisciplinary training across physics, chemistry, materials science, and mechanical engineering. “Semiconductors are not just electronics,” Swaroop Ganguly emphasises. “They require multiple disciplines working together.”

The Long Horizon

Semiconductor ecosystems are not built quickly. The experience of other countries underscores this timeline. Taiwan, South Korea, and China invested consistently over decades before achieving their current positions.

“The Chinese started investing in the late 1990s and are still building capabilities—this is at least a 15–20 year journey,” Mishra notes.

For India, the challenge is not only to start, but to sustain momentum across political and economic cycles.

According to government estimates, India is expected to achieve the capability to design and manufacture chips for 70–75% of domestic applications by 2029. Building on this foundation, the next phase under Semicon 2.0 will prioritize advanced manufacturing, with a defined roadmap to reach 3-nm and 2-nm technology nodes. By 2035, India aims to establish itself as one of the world’s leading semiconductor nations.

India’s semiconductor industry ambitions are rooted as much in history as in future aspirations. The loss of early momentum in the late twentieth century delayed its entry into an industry that rewards continuity and scale. Today, the country is attempting to rebuild that trajectory under far more complex conditions. The progress made so far—policy frameworks, investment commitments, institutional capacity—suggests that the foundation is being laid. But the real test lies ahead.

Semiconductors are not merely manufactured. They are engineered—through sustained effort, coordinated systems, and long-term commitment.

From the ashes of past setbacks to the atomic precision of modern chipmaking, India’s semiconductor journey has begun again. Whether it can be sustained will determine not just the future of an industry, but the contours of technological power in the decades to come.