India's Semiconductor Demand and Industry Development
India's semiconductor demand is projected to rise significantly, from its current value of $45 billion-$50 billion to an expected $100 billion-$110 billion by 2030, according to a senior government official.
Role of MeitY's Nano Centers
- MeitY's Nano Centers are crucial in fostering innovation and developing a semiconductor-ready workforce.
- The goal is to prepare 85,000 professionals in the field.
India Semiconductor Mission
- The mission is one of the world's most extensive subsidy and grant programmes for semiconductors.
- Approximately 70%-75% of investments in major semiconductor facilities are funded by taxpayer money.
- A collective responsibility shared by the government, industry, and academia is emphasized for the mission's success.
Workforce and Global Capability Centres (GCCs)
- India hosts 20% of the workforce in semiconductor design.
- India's GCCs have achieved significant scale.
- It is important for India to develop its own fabless companies and strengthen its intellectual property (IP) base.
Nano Electronics Roadshow
- The event was held at IISc Bengaluru.
- Featured 48 tech demos presented by students from Nano Centers at IISc and IITs.