India has taken concrete steps to gain a strong foothold in the semiconductor and chip manufacturing sector. According to Union Electronics and IT Minister Ashwini Vaishnav, India is fast moving towards becoming the next semiconductor hub for the world. In this direction, the government aims to establish the country as a technology superpower.
India’s Semiconductor Manufacturing Plan
The Government of India has approved five projects worth Rs 1.52 lakh crore for semiconductor manufacturing. This will expand semiconductor manufacturing capacity and strengthen the country’s global position. Led by Prime Minister Narendra Modi, the scheme focuses on attracting international investors and making India a major semiconductor producer.
This plan of India got further strength in the recent round table conference held between PM Modi and Global Technology CEOs in New York. During this meeting, the three top officials said that they had never seen such enthusiasm for any country before.
Micron Technology’s entry in India
Seeing the immense potential of India’s semiconductor industry, major global companies are ready to invest in India. Micron Technology has announced that it will be the first chip manufacturer in India by early 2025. Other than this, CG Power Manufacturing work continues at its semiconductor fabrication facility.
Tata in Assam ATMP (Advanced Testing, Marking, and Packaging) Construction work at the facility is also progressing rapidly. This type of production units will meet India’s domestic and global semiconductor needs.
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Expansion of Semiconductor Market
India’s semiconductor market is growing rapidly. According to a report, this market is expected to reach $64 billion by 2026, which will be almost three times that of 2019. Government’s efforts to increase semiconductor production capacity Semicon India Initiative And India Semiconductor Mission (ISM) Also important are initiatives such as the ILO, which are providing financial support to front-end fabrication, sensors, display manufacturing, and semiconductor packaging.
India’s leading role in semiconductor
According to experts, by increasing the production capacity of semiconductor manufacturing, India can become an important part of the global semiconductor chain. Semicon India Program And India Semiconductor Mission Schemes like these are playing an important role in promoting innovation, generating new jobs and accelerating economic growth.
future for india
The future of semiconductor manufacturing in India is bright. With increasing demand and government policies, the country may soon become a global hub in semiconductor and chip manufacturing. This will not only increase India’s technological self-reliance, but will also take the country’s economic development to new heights.
Semiconductors are used in medical equipment, mobile phones, laptops, cars, trains and almost every electronic device. Self-reliance will be achieved in all these areas with chips manufactured in India, which will further strengthen the technological power of the country.
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conclusion
The development of India’s semiconductor industry depends on government schemes and international cooperation. If everything goes as per plan, India will compete with countries like China and Taiwan in chip manufacturing and carve out a niche for itself in the global semiconductor market.
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