India receives investment proposals of $20.5 billion from five global semicon majors to set up semiconductor fab and display fab locally in India
The first edition of the SemiconIndia Conference 2022 has started on a high note, as global industry leaders and companies come together to initiate and enrich the semiconductor manufacturing capabilities in India and globally.
Prime Minister Narendra Modi addressed the conclave, “Semiconductors today are playing a critical role in the world. India is in a unique position to be the influential player in the segment owing to its consumer base and skilled engineering workforce. Our government is cognizant of the potential of the sector, and we are committed towards acceleration and growth of the chip design and manufacturing ecosystem in the country. An ecosystem that is built on the principle of ‘Hi-tech, high quality and high reliability’.
Our digital-first approach can be seen in the way India has adopted digitalization. Today, UPI is the most efficient payment infrastructure. We are using digital technologies to transform lives in all forms of governance from health and welfare to inclusion and empowerment. This conference is a step towards bringing the industry and government closer to ideate, discuss and formulate policies that will enable growth and pave way for India to be at the forefront of next revolution in technology. We commit to providing support in form of ease of business, empowering policies, monetary support in form of PLI and other schemes, and investing in skilling and training youth to provide talent required for the sector in India and globally.
We have earmarked USD 10 billion for India Semiconductor Mission and are creating an environment that encourages growth to create a vibrant semiconductor ecosystem and steer India into the future.”
Key Highlights
- MOU signed between SEMI and ELCINA to promote semiconductor ecosystem in India
- MOU between CDAC and Qualcomm for partnership in semiconductors which will target semiconductor design startups, in line with the objectives of the PLI scheme
- MOU between AICTE and SEMI and ISM for training and skilling tech workforce for the semiconductor sector
- Applied Materials announced Rs 1,800 Crore investment in building a chip manufacturing facility in Bengaluru
- India receives investment proposals of $20.5 billion from five global semicon majors to set up semiconductor fab and display fab locally in India
- IESA launches an industry report on ‘Semiconductor manufacturing supply chain – India’s opportunity in the global market”
During the conference, the government also solidified its partnerships with the industry by showcasing commitment and a keen interest to work with the stakeholders to realize its efforts.
