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.