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In a bid to strengthen Indias position in the global semiconductor value chain, the US-India Initiative...

To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government's efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry.

Semiconductors: Taiwan, one of the major countries, sees India as a potential ally against China. Having the manufacturing capacity and the ability to design the next-gen chips is crucial for success. With elections looming, negotiators are seeking clarity, emphasising the reliance on government support.

Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta with potential partners, especially from Taiwan, have made little headway due to firm terms. Global companies are adopting a wait-and-watch approach and prefer to go on their own due to technology transfer fears. Reliance Industries is also evaluating the market potential. Taiwan sees India as a potential ally against China and having manufacturing capacity and next-gen chip design ability is crucial. The major challenge is the absence of advanced fabrication facilities and expertise in India.

Union Minister of State for Skill Development and Entrepreneurship, Electronics and Information Technology Rajeev Chandrasekhar on Friday announced that the Centre will establish the India Semiconductor Research Centre and roll out the Digital India futureLABS initiative soon.