INDIA, one of the fastest growing economies in the world and gradually trying to become a global competitor in the semiconductor industry. The government has taken multiple initiatives and policies to promote domestic manufacturing of semiconductors, over a $9.81 billion worth incentives were stated by India in semiconductor market. Even though the government is offering necessary incentives, there is a disparity in Indian semiconductor industry such as Fabs/Foundries, resources and lack of skilled engineers. One of the following disparities are
1. LACK OF SKILLED ENGINEERS
According to reports of Semi Conductor Industry Association, there will be a requirement of approximately 1.4 million skilled design engineers by 2030 as a result of sharp rise in semiconductor demand. Thus, more engineers are needed in this industry. For that, Government, and universities plans to introduce an education curriculum as a part of Future Skills programme. Also, Government is working with many companies to create on-the-job- training type of internships for students in the semiconductor domain.
2. INCREASING THE MANUFACTURING
From the key market insights, the demand for chips will increase to 20 % by 2029. So, this growth is expected to create a significant demand for Manufacturing plants. IT Minster Rajeev Chandrasekhar said that India has one third of global design talent and Government will levarage this oppurtunity by giving incentives and trying to encourage major companies like Tata Group , TSMC and other companies to setup a fab.
3.ENCOURAGING STARTUP
Not only the government encouraging giant companies, but it is also organizing workshops, training and roadshows like Semicon to promote startups, next-generation innovators, and business leaders to invest in the semiconductor sector in India. Additionally, various government organizations such as IESA, Nielt, TASK, and CDAC are providing training and fostering entrepreneurship among engineers.
