- India aims for self-sufficiency in chip manufacturing with a Rs 76,000-crore scheme.
- Emphasis on building downstream industries and chip innovation ecosystem.
- Focus on addressing talent gap crucial for sustaining semiconductor growth.
India is gearing up to become a major player in the semiconductor industry with a comprehensive strategy. The government’s Rs 76,000-crore scheme aims to boost semiconductor and display fab facilities, attracting investments from global giants like Micron, PSMC, and Renesas. This initiative underscores India’s ambition to achieve self-sufficiency in chip manufacturing. Beyond fabs, India is focused on building a robust ecosystem to support chip innovation. The Ministry of Electronics and IT emphasizes the importance of downstream industries, such as laptop and server manufacturing, in complementing semiconductor production. Moreover, initiatives like introducing schemes akin to SPECS and developing wafer fabrication equipment (WFE) manufacturing are key components of India’s semiconductor roadmap. As India ramps up its semiconductor capabilities, attention is also on addressing the talent gap. With the global demand for chip-related jobs expected to surge, India is working towards cultivating skilled technicians, computer scientists, and engineers to support its growing semiconductor industry. As fabs emerge not only in the US but also in countries like India, the focus on workforce development becomes increasingly critical for sustaining semiconductor growth and innovation.
