Synopsis
On March 28, 2023, it was reported that 20% of the semiconductor design workforce is in India. The country's chip demand is projected to escalate from $45-50 billion to $100-110 billion by 2030, with significant government initiatives underway.Key Takeaways
- 20% of the semiconductor design workforce is in India.
- Chip demand to grow to $100-110 billion by 2030.
- Establishment of Nano Centres to foster innovation.
- Government supports the India Semiconductor Mission.
- Over 700 stakeholders participated in the roadshow.
New Delhi, March 28 (NationPress) Approximately 20 percent of the workforce in semiconductor design is located in India, and the nation's chip demand, currently estimated at $45-50 billion, is projected to soar to $100-110 billion by 2030, according to government officials.
S. Krishnan, Secretary of MeitY, highlighted the essential role of Nano Centres in nurturing innovation and developing talent to create a semiconductor-ready workforce of 85,000 professionals to meet this ambitious target.
During the inaugural ‘Nano Electronics Roadshow’ at the National Science Seminar Complex in IISc Bengaluru, he pointed out that the event is a major initiative by the ministry and government, symbolizing the merging of efforts and promoting collaboration between industry and academia, with the government acting as a catalyst for shaping India’s technological and industrial landscape.
“A primary focus of the ministry is to synchronize various initiatives to promote the India Semiconductor Mission, which stands as one of the world's most extensive subsidy and grant programs. With approximately 70-75 percent of investments in significant semiconductor facilities sourced from taxpayer funds, every Indian has a stake in this mission,” Krishnan informed the audience.
The roadshow displayed over 100 intellectual properties (IPs), more than 50 innovative technologies, and showcased the advancements of over 35 promising startups — all supported by six advanced nanoelectronics centres across the nation.
The event provided a platform for over 700 industry leaders, policymakers, and academics to discuss collaborative strategies aimed at enhancing India’s nanoelectronics ecosystem.
Abhishek Singh, Additional Secretary at MeitY, emphasized the transformative impact of technology on our lives, remarking on how the global tech landscape is continuously evolving.
Regarding the collaboration between industry and academia, he stated, “Under the India AI mission, through the INUP program and other initiatives, startups, entrepreneurs, and researchers are addressing real-world challenges, propelling India to the forefront of cutting-edge technology.”
“Together, with the groundbreaking efforts of institutions like IISc, IIT Bombay, IIT Delhi, and others, we are cultivating an ecosystem that guarantees India remains a leader in this revolution,” he concluded.
