India has greenlit the establishment of three new semiconductor units under "Development of Semiconductors and Display Manufacturing Ecosystems in India". Through the initiative, the government has estimated direct employment opportunities are projected to reach 20,000 in advanced technology.
The ripple effect is expected to generate an additional 60,000 indirect jobs, spanning downstream industries such as automotive, electronics manufacturing, telecom manufacturing, and industrial manufacturing.
The newly sanctioned semiconductor units span a diverse spectrum of functions and locations:
The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India, with a substantial outlay of ₹76,000 crore, laid the groundwork for India's entry into semiconductor manufacturing.
Building upon this foundation, the Cabinet had previously approved Micron's proposal for a semiconductor unit in Sanand, Gujarat. Previously, Applied Materials and Lam Technologies also said they would invest $400 million in training 60,000 engineers in India.
In July last year, during the Semicon India 2023 conference, Prime Minister Narendra Modi unveiled plans to introduce specialised courses on semiconductors in over 300 prominent colleges across India.
(Edited by : Amrita)
First Published: Feb 29, 2024 4:10 PM IST
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