ICEA: Coordinated effort is required to establish India as a semiconductor industry center
In an effort to establish India as a worldwide leader in semiconductor product design and intellectual property development, the India Cellular & Electronics Association (ICEA) has released a study.
“India is in a unique position to reshape its place in the semiconductor value chain as we go through a revolutionary period in electronics production and high-tech advancements.
Pankaj Mohindroo, Chairman of ICEA, said, “Our report is not just an analysis; it is a call to action for India to seize unprecedented opportunities and navigate challenges with strategic foresight.”
A strategy plan for India’s semiconductor industry is presented in the paper. It also draws attention to the difficulties and possibilities that India’s semiconductor sector faces in the context of shifting international geopolitics.
In addition to advocating for strategic support for semiconductor design firms, closing the skills gap through industry-oriented training programs and curricula, and improving funding mechanisms to support the semiconductor design ecosystem, the report makes strong recommendations for a robust design ecosystem for India’s semiconductor industry.
In order to promote semiconductor design companies and develop a competent workforce, the research further emphasizes the significance of taking advantage of global possibilities, especially in advanced semiconductor production. It also argues for government investment in refurbished factories.
In order to establish India as a leader in the global semiconductor arena, Mohindroo emphasized in his concluding remarks the need for coordinated efforts by the government, business, and academic community.
The building of two ATMP facilities—one in Gujarat and the other in Assam—as well as semiconductor plants in Gujarat were recently authorized by the Union Cabinet.
Three new chip factories, two in Gujarat and one in Assam, had their foundation stones set on March 13 by Prime Minister Narendra Modi.
Of these three factories, two are being put up by the Tata Group. The estimated investment for these three plants is Rs 1.25 lakh crore. India’s semiconductor market is still in its infancy, but many domestic and international businesses want to capitalize on its enormous potential. The two factories, located in Gujarat and Assam, are expected to begin producing semiconductor chips for the market in 2026, according to the Tata Group.
Shortages of chips during the COVID-19 pandemic underscored the significance of domestic production in addressing the shortfall for national security and stimulating domestic innovation.
These improvements are a result of the extensive ‘Development of Semiconductors and Display Manufacturing Ecosystems in India’ initiative, which strengthens India’s capacity to produce semiconductors and reaffirms its determination to take a leading position in the world semiconductor market.
