Hello readers. In this article, we are going to look at "India's Semiconductor Journey."
Why do we need to manufacture new microprocessors in India when there are already plenty of good, affordable ones available in the market
Thinking about this
1960s: Companies are driven out by bureaucratic inertia.
1970s: Local businesses were not given the financial assistance they needed to keep up with affordable imports.
1980s: An unexplainable fire destroys India's only VLSI, giving other Asian nations an advantage.
1990s: Policy inactivity hinders entrepreneurship.
Vision now
Major regulatory changes and concessions have been made as part of "Make in India" and "Aatmanirbhar Bharat" in order to strengthen the local ecosystem and promote India as "An emerging semiconductor hub."
- Making India a center for semiconductor manufacturing will require historic financial incentives exceeding 76,000 crore.
- Providing financial assistance for projects up to 50% of project costs for the construction of semiconductor factories, display factories, and other infrastructure.
- Numerous thousands of jobs, both direct and indirect, will be created by a 40,000 WSPM semiconductor production machine.
- Over a ten-year period, it might add 60,000 to 70,000 crores to India's GDP.
- In the current decade alone, the semiconductor market in India may reach USD 110 billion, or 11% of the global market.
Let's take semiconductor design and manufacturing to new heights.
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