Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Government Floats EOI For Setting Up Electronic Chip Plants In India, Acquisitions Overseas

- Advertisement -
  • The expression of interest floated by the Ministry of Electronics and Information Technology (Meity) said that the Government of India is keen to incentivise and attract investment in setting up of Semiconductor FABs in India
  • Meity has fixed January 31, 2021 as the last date for submitting the proposal

The Indin government has invited proposals from entities to set up electronic chip manufacturing units in the country and even acquire any company making semiconductors overseas. . The expression of interest floated by the Ministry of Electronics and Information Technology (Meity) said that the Government of India is keen to incentivise and attract investment in setting up of Semiconductor FABs in India.

The EOI document says, “The Ministry of Electronics and Information Technology (MeitY) invites Expression of Interest (EoI) from companies / consortia desirous of setting up / expansion of existing Semiconductor wafer / device fabrication (FAB) facilities in India or acquisition of Semiconductor FABs outside India.” Meity has fixed January 31, 2021 as the last date for submitting the proposal.

Setting up or expansion of existing semiconductor plants in the country

- Advertisement -

As per the document, the government plans to use the proposals to formulate a scheme for setting up or expansion of existing semiconductor plants in the country. It adds that this assumes significance in view of the fact that India is poised to increase its share in global manufacturing of Mobile Phones, IT Hardware, Automotive Electronics, Industrial Electronics, Medical Electronics, IoT and other devices in the near future as it aspires to have $400 billion of electronics manufacturing by the year 2025.

The document also says that Semiconductor manufacturing is a complex and research-intensive sector, defined by rapid changes in technology which require significant and sustained investment. Semiconductors are also at the heart of electronic products and constitute a significant part of the total value of Bill of Material (BOM).

Lack of a robust electronic components and semiconductor manufacturing ecosystem in India

The EOI document says, “Electronics manufacturing in India has increased substantially over the last few years and is steadily moving up the value chain from Semi Knocked Down (SKD) to Completely Knocked Down (CKD) stage of manufacturing. However, domestic value addition is estimated to be in the range of 15 per cent – 20 per cent only, and growth in manufacturing so far has primarily been on account of final assembly / Printed Circuit Board Assembly (PCBA) using imported components/ sub-assemblies, parts, etc. This is due to the lack of a robust electronic components and semiconductor manufacturing ecosystem in India despite the fact that the country has a thriving Fabless Design ecosystem.”

The government had approved two semiconductor units in 2013 with an investment of around Rs 63,000 crore. They could not be set up due to lack of electronics manufacturing ecosystem in the country and policy-linked market support.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Element14 Unveils Murata’s UWB And LoRa Modules 

0
These modules offer high location accuracy, compact design, and integrated MCU options, making them ideal for a wide range of IoT applications, including asset...

Indian Smartphone Market Grows 1% in Q2 2024

0
Owing to diminished seasonal demand and extreme weather conditions in certain regions, the Indian smartphone market saw a humble 1% growth in the second...
Saurav Kumar Singh, the Founder of Elecbits

“We Aim To Attract Companies From The US And UK To Manufacture In India...

0
In a discussion with EFY’s Nitisha, Saurav Kumar Singh, the Founder of Elecbits, elaborates on its design and manufacturing procedures. Additionally, he highlights a...

Buzz

ChipEdge Appoints Damodaran Subramanian As New CEO

0
Eyeing to strengthen leadership capabilities as the company plans expansion, Indian semiconductor producer ChipEdge designated Damodaran Subramanian as CEO. Last week, Bengaluru-based semiconductor company ChipEdge...

India’s PM Surya Ghar Scheme Accelerates Solar Energy Adoption

0
The PM Surya Ghar Scheme aims to install solar rooftops on 1 crore households, driving India's move towards sustainable energy with $750 billion allocated. Under...

Airbus And Tata Launch ‘Made in India’ Helicopter

0
With an aim to increase its global footprint and bolster the Indian aerospace ecosystem—Airbus partners with Tata Group to launch India's first H125 helicopter...

Important Sectors

ChipEdge Appoints Damodaran Subramanian As New CEO

0
Eyeing to strengthen leadership capabilities as the company plans expansion, Indian semiconductor producer ChipEdge designated Damodaran Subramanian as CEO. Last week, Bengaluru-based semiconductor company ChipEdge...

India’s PM Surya Ghar Scheme Accelerates Solar Energy Adoption

0
The PM Surya Ghar Scheme aims to install solar rooftops on 1 crore households, driving India's move towards sustainable energy with $750 billion allocated. Under...

Airbus And Tata Launch ‘Made in India’ Helicopter

0
With an aim to increase its global footprint and bolster the Indian aerospace ecosystem—Airbus partners with Tata Group to launch India's first H125 helicopter...

Raja Manickam Secures $5 Million For Ivp Semiconductor Startup

0
Eyeing local innovations in chip production, semiconductor industry veteran Raja Manickam secured a $5 million fund for startup iVP Semi to develop testing facilities...

Indian Smartphone Market Grows 1% in Q2 2024

0
Owing to diminished seasonal demand and extreme weather conditions in certain regions, the Indian smartphone market saw a humble 1% growth in the second...

Manufacturing

Mother-board-electronic-components

MeitY Announces $350 Billion PLI Plan To Boost Electronics Sub-Assemblies

0
MeitY announces allocation of $350 billion for a new PLI scheme, aiming to make India a global hub for electronics components and boost exports...

NITI Aayog Report Urges To Boost Electronics Global Value Chain

0
Aiming for the country to become a global hub for electronics manufacturing, the recent report by NITI Aayog called for interventions, analysing India’s position...

HPL Electric Teams with G Ramway To Make Relay Switches

0
Eyeing India’s self-sufficiency goals, smart meter manufacturer HPL Electric has inked a deal with China-based G-Ramway Technology to boost local manufacturing off switches. Last week,...

Sparsh CCTV Invests $3 Billion To Boost Manufacturing

0
Sparsh CCTV invested $3 billion to enhance production capacity, aligning with 'Make in India' for surveillance equipment, focusing on scaling operations in Kashipur. Sparsh CCTV ...

Cooper Standard Launches Ecoflow For Electric Vehicles

0
This scalable fluid control technology, which can be used across various powertrains, is particularly effective for managing the intricate glycol thermal needs of fully...