India set to announce its first semiconductor fab
By promoting local manufacturing, India can reduce its dependence on imports and increase its ability to withstand global supply chain disruptions.
Stay updated with breaking news from High Tech Clusters. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By promoting local manufacturing, India can reduce its dependence on imports and increase its ability to withstand global supply chain disruptions.
The government has also announced a C2S – chips to startup – programme that will train 85,000 engineers to work in the semiconductor ecosystem.
"I think that this time around, we will do it. And I think that is the kind of confidence that the industry has," said Chandrasekhar.
India is aiming to become self-reliant, and the government has come up with a Rs 76,000 crore package for semiconductor and display manufacturing, which is likely to reduce the company’s dependence on imports in the future.
The Union Cabinet on Wednesday approved a comprehensive programme for the development of a sustainable semiconductor and display manufacturing ecosystem in the country.