Minister of State for Electronics and IT Rajeev Chandrasekhar recognised the semiconductor industry's great potential for innovation in India and spoke of the government's audacious plans to develop a talent pool of 85,000 highly qualified professionals in this field.
India is about to begin on a quest to launch 100 semiconductor design companies, with the goal of developing cutting-edge products and designs for both the home market and the worldwide market.
During his speech at the third edition of the "Semicon India" event, which gathered students, young innovators, industry players, and other important people at IIT Delhi, Minister of State for Electronics and IT Rajeev Chandrasekhar made these remarks.
Chandrasekhar emphasised the enormous innovation potential of the semiconductor industry in India and described the government's bold intentions to create a talent pool of 85,000 highly qualified individuals in this area. The minister emphasised the nation's development, pointing out that in just 14 months, India had opened doors in the manufacturing and design industries. With a whole new curriculum in place, India hopes to produce a talent pool that will help the nation as well as the global semiconductor sector.
The government's ambitions to create a talent pool of 85,000 highly skilled individuals in this field were presented by Chandrasekhar, who also highlighted India's immense potential for innovation in the semiconductor industry. The minister emphasised the development of the nation, pointing out that in just 14 months, India had produced opportunities in manufacturing and design. India hopes to produce a talent pool that will help the nation as well as the global semiconductor sector by implementing a brand-new curriculum.
Fund set aside for the Indian semiconductor design businesses
A sizeable fund of Rs 1,200 crore has been set aside by Prime Minister Narendra Modi for investments in Indian semiconductor design businesses. In addition, the government has unveiled a PLI scheme of Rs. 76,000 crore to encourage the growth of semiconductor and display manufacturing facilities in the nation.
These programmes and investments demonstrate India's commitment to being a global leader in the semiconductor sector while also promoting innovation, job development, and economic expansion. The creation of 100 semiconductor design businesses will accelerate India's development in this important field, advancing technology and placing the nation at the vanguard of the digital revolution.