Horiba India is ready to build local lines for mass flow controllers and other specialised chip equipment, but only once the country’s fabrication and packaging base is large enough to justify them.
Dan Horiba, the group’s executive director for strategy, said the timing depends on how quickly those plants reach scale. Mass flow controllers for Indian customers are already produced in Pune.
The Kyoto group is targeting ¥20B in annual Indian revenue by 2028, up from ¥15B in fiscal 2025. About 40 percent of that comes from products assembled or made locally, and the company wants to move from a service-led model to a manufacturing and research hub.
Materials and semiconductors supply roughly a fifth of Indian revenue, against 40 percent each from bio and healthcare and from energy and environment.
Horiba bought Gujarat-based Pristine Deeptech in January to add lab-grown diamond research for advanced chip and quantum work. India has set aside $15B in incentives under Semicon 2.0, though the equipment market still waits on fabs actually running.
