India's Initial Semiconductor Chip Unveiling Imminent; Venture to Generate 29,000 Employment Opportunities Across Six States
The Indian government is spearheading a significant initiative to develop semiconductor chips domestically, a move that promises to transform the country's technological landscape.
At the heart of this endeavour is the focus on nurturing skilled manpower in the semiconductor design sector. The government is investing in education and training programmes to equip the workforce with the necessary skills to design and manufacture world-class semiconductor chips.
The Semicon India Programme, with an outlay of Rs 76,000 crore, is the driving force behind this transformation. As of now, the government has approved 10 semiconductor manufacturing projects with a cumulative investment of over Rs 1.60 lakh crore in 6 states. These approved projects are under various phases of implementation and are expected to start commercial production within 1-5 years.
The Semicon India programme is not just about manufacturing semiconductor chips; it's about creating a self-sufficient ecosystem. To this end, a 'Design Linked Incentive (DLI) Scheme' has been approved with an overall outlay of Rs 1000 Crore. This scheme aims to nurture the entrepreneurship ecosystem by encouraging and supporting design and deep tech start-ups involved in the semiconductor design ecosystem in India.
The benefits of this initiative extend beyond the technological sphere. Manufacturing semiconductor chips in India builds new local supply chains, securing strategic advantages in the automotive and electronics sectors. It fosters technology development in advanced areas like electric vehicle chips, supporting the country's digitization goals. Moreover, it attracts substantial investments and partnerships from global companies like Qualcomm and Apple.
In an effort to strengthen semiconductor manufacturing and create a semiconductor ecosystem in India, the government has entered into MoUs with the US, European Union, Japan, and Singapore. This international collaboration will undoubtedly accelerate the growth of the semiconductor industry in India and position the country as a global player in this critical sector.
The ultimate goal of the Semicon India programme is to produce the first packaged semiconductor chip in India. With the approvals, investments, and collaborations in place, this goal seems within reach. The anticipated 29,000 direct jobs that these projects will generate, depending on the maturity of factory automation, are a testament to the potential of this initiative.
In conclusion, the Semicon India programme marks a significant step towards India's self-sufficiency in semiconductor technology. This initiative is poised to transform the country's technological landscape, bolster its economy, and secure its position as a global player in the semiconductor industry.
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