India looking for global players to set up semiconductor plants

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The empowered committee formed to promote semiconductor wafer fabrication manufacturing unit led by Sam Pitroda, advisor to Prime Minister on Public Information Infrastructure and Innovation, has decided to directly contact global chip makers so that they can set up their units in India.

Semiconductor wafer fabrication plants are used for manufacturing electronic chips that are used in electronic devices.

“We need to talk to principals who can invest in setting up facility in India. We will first focus on attracting investment in commercial market of semiconductor. Setting up units will reduce our dependency on imports besides making chips more affordable,” Pitroda said.

He also points out that, keeping in mind the growing market for mobile phones and PCs, India needs to promote local manufacturing of semiconductor. Estimates show that India’s demand for electronics products (including telecom) will be US$ 400 billion by 2020.

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