India will consume semiconductors of $ 80 bn to manufacture electronics worth $ 300 bn: MoS IT
- The government will achieve the target of establishing a semiconductor ecosystem in the country based on the interest it is getting from around the globe.
Electronics Vision Document
- Demand for digital devices and electronics products is only going up.
- The government announced a target of USD 300 billion in electronic manufacturing, with USD 120 billion in exports.
- Domestic consumption will be almost USD 70-80 billion for semiconductors.
Semicon India 2022
It is a comprehensive Semicon India programme, with a cost of INR 76,000 crore and will focus on the building of a sustainable semiconductor and display ecosystem.
- It was established as an independent business division within Digital India Corporation with administrative and financial autonomy.
- Aim: to formulate and drive India's long-term strategies for the development of semiconductor and display manufacturing facilities, as well as the semiconductor design ecosystem.
- The Semicon India Program intends to provide attractive incentive support to firms and consortia involved in:
- Silicon Semiconductor Fabs,
- Display Fabs,
- Compound Semiconductors / Silicon Photonics / Sensors Fabs,
- Semiconductor Packaging (ATMP / OSAT),
- Semiconductor Design.
Semiconductor Manufacturing
The government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore.
- It is under the Semicon India Programme, which entailed incentives to the tune of Rs 76,000 crore.
- Vedanta Foxconn JV, IGSS Ventures and ISMC have proposed to set up electronic chip manufacturing plants with USD 13.6 billion investment.
- They have sought the support of USD 5.6 billion from the Center under the Rs 76,000 crore Semicon India Programme.
Conclusion
India is emerging as a largest exporter of smartphones in present time, in order to make it more comprehensive semiconductor manufacturing is must.
- With the Semicon India programme India is moving forward with strong steps to achieve it completely.
Exam Track
Prelims Takeaway
- India’s Electronics Vision Document
- Semicon India 2022
- Semiconductor Manufacturing status
Mains Takeaway
Q. India’s Semicon Vision programme could be the benchmark initiative to make India independent in semiconductor manufacturing, comment.