According to Rajeev Chandrashekhar, Union Minister of State for Information Technology, India will soon emerge as a leader in electronics manufacturing in the world with its youth playing a big role in this effort.
The minister emphasised that the government’s strategy was to encourage the deepening and broadening of the electronics space through investments in semiconductors, artificial intelligence (AI), machine learning, blockchain etc. For this purpose, the government was ready to give grants of up to Rs 1 billion for investment in semiconductor designs. He added that the strategy is to cut down on imports and aim to become a value creator to the supply and value chains and not just a commodity exporter.
Further, Chandrasekhar said that Gujarat has taken several proactive measures such as announcing its own semiconductor policy and establishing Dholera as Asia’s largest electronics hub. Dholera will bring along a lot of opportunities for entrepreneurs in the state.
