In a major fillip to the semiconductor manufacturing ecosystem in the country, Ashwini Vaishnaw, Union Minister of Communications, Electronics and Information Technology and Railways, announced that the government is planning to come up with a program to put the country on a good semiconductor journey for the next 10 years. Earlier, the government launched ‘Semicon India’ programme in December 2021 with an outlay of Rs 760 billion. The programme sought to support the development of the semiconductors and the display manufacturing ecosystem in India.
The minister further highlighted that global companies have shown keen interest in India’s semiconductor manufacturing, which is important to meet the country’s strategic needs. Meanwhile, the minister had apprised the parliamentary consultative committee that several state governments like Gujarat, Madhya Pradesh, Karnataka, Odisha, Telangana, Andhra Pradesh and Tamil Nadu are in advance talks with the companies to set up semiconductor manufacturing plants/fab complexes.
