- India currently relies on imports for all its semiconductor needs. The demand is estimated to reach around $100 billion by 2025 from about $24 billion now
- India and Taiwan are said to be in talks on an agreement that could bring chip manufacturing to India
A policy around making India a champion in electronics design and semiconductors, is in works at the Ministry of Electronics and IT. Rajeev Chandrashekhar, minister of state for electronics and IT, while speaking at an event noted that the ministry is working on a plan that would materialise semiconductor fabrication in the country within next three to five years.
“As part of broadening and deepening our electronics manufacturing and electronics capabilities, we have a plan that was very quickly worked on after I joined the ministry on July 7, and you will be seeing this being rolled out in October,” Chandrashekhar said.
He also referred to India as a country which will not only do the software piece , but will also excel in the field of electronic design and semiconductors.
“We want to be capable providers, global leaders in the systems design part, and with some luck, semiconductor design. If the Prime Minister’s vision really plays out, we will soon have a fab in this country in the next three to five years,” he said.
India and Taiwan are said to be in talks on an agreement that could bring chip manufacturing to India. The same might also come with tariff reductions on components for producing semiconductors soon. The plant in question is said to be valued at around an estimated $7.5 billion.
“We are at an unprecedented inflection point in terms of opportunities for growth. If we don’t make the move quickly, somebody else will take this breakfast and lunch,” the minister had added.
India currently relies on imports for all its semiconductor needs. The demand is estimated to reach around $100 billion by 2025 from about $24 billion now.