IANS | 08 Jul, 2024
Ministry of Electronics and Information Technology (MeitY) Secretary S
Krishnan said that India has the talent and deep expertise to be a global
player in the semiconductor industry, an important sector for the country.
Speaking at a conference organised by fabless semiconductor firm iVP
Semiconductor, Krishnan said that the government is helping the industry to
create the ecosystem to build semiconductors.
He highlighted the government's commitment to creating an environment
conducive to the industry's growth, including providing necessary support and
infrastructure.
The Secretary also mentioned that iVP Semiconductors plays an important
role in creating demand to fill up the manufacturing capacity in the wafer fab.
"I would like to congratulate iVP Semiconductor on the creation of
an Indian fabless chip company," he said.
According to the global management consulting firm McKinsey, the
semiconductor industry is expected to become a trillion-dollar industry
globally, while the India Electronics and Semiconductor Association (IESA)
estimated the sector to reach $100 billion by 2030.
Meanwhile, a recent report by TeamLease Degree Apprenticeship said that
the country will require 2.5 lakh-3 lakh skilled professionals by 2027 across
Research and Development (R&D), design, manufacturing and advanced
packaging domains.
The report mentioned that the expansion is poised to generate
approximately 1 million global jobs by 2025-2026, aligning with India's broader
economic and industrial growth objectives.
--IANS