The Union Government is going to set up a committee which will identify and assess the potential investors for semiconductor wafer fabrication and recommend the right investor, who had proposed for establishing semiconductor wafer fabrication facilities in India, says a CyberMedia report .
Dr Ajay Kumar, Joint Secretary in Department of IT and Communication (Government of India) said, “Recommendations of the Empowered Committee, which is studying the proposals from top global firms, will be available in five months. We will have the first wafer fab facility ready in two years. This will spur the ecosystem.”
Dr Kumar addressed a CII workshop on new policy initiatives and investment opportunities in electronics hardware industry where he said that electronics goods in India have seen a growth in its demand in FY 2012.
It stood at US$ 69.6 billion, with less than half of this sourced locally. The demand is pegged at U$ 400 billion and local production at US$ 100 billion by 2020. The goods and components to be imported is worth US$ 300 billion.
The industry is expected to generate Rs 27.8 million jobs by 2022 from 80 lakh in 2011. Telecom sector alone would employ 48 lakh jobs. Exports would go up to US$ 80 billion from US$ 8 billion during this period.
The centre will also set up a registry on imported electronics. “Currently, 20-30 per cent of the total imported electronics goods are spurious and damaged. So, we have proposed to set up the registry to check and keep track of the spurious imported products,” said Dr Kumar.