According to communications minister Ashwini Vaishnaw. India is on track to overtake China as the world’s largest semiconductor production hub in the next ten years. But it must work hard to maintain a strong ecosystem to achieve that aim.
There are some Problems that have been committe by numerous nations. I won’t names. But I can give you many instances where a nation simply established fab units and they failed after a few years due to the lack of a [enabling] ecosystems, “We must get that mounting fab abilities is the only aspect of the semiconductor industry”. said Vaishnaw during a press conference on Tuesday to announce the launch of the Sanchar Saathi portal. Which allows users to monitor and block their lost mobile devices.
He then highlighted that India would need to adopt a cautious, prudent. And measured strategy given the extremely complicated nature of semiconductors manufacture. He stated that growing the sector was like building a house. It had to be done step by step by enlisting talent and fostering an environment that would draw gas providers and makers of machine equipment.
He added that the world had taken notice of the nation’s intentions to use green energy in semiconductors manufacture and added, “I can say you that over the next five to ten years. India will rise as a major semiconductors destination. People frequently want to know what kind of energy will be use in the manufacturing process. We have a significant advantage in that we have set aside 20,000 MW (20 GW) of electricity for the production of semiconductors”, according to Vaishnaw.
Vaishnaw Continued, The world believes that India has the highest potential for being the next major semiconductors industrial hub in the world because of our talent pool and the actions we have taken to develop it. The government semiconductor strategy that was release on January 1, 2022, received positive feedback.
In the 17 months that have passed since then, 106 Indian colleges have begun to provide courses on semiconductors. And the nation has also signed an MoU with Purdue University in the US. Numerous additional educational institutions have also expressed interest in joining the project.
Speaking about his recent trip to the US to meet with semiconductor industry participants. He revealed that over the course of three days, he spoke with representatives from 45 businesses and two institutions.