India aspires to emerge as a major global hub for #semiconductor manufacturing, following in the footsteps of leading countries like the #Taiwan, #Japan, #US., and #South #Korea. To achieve this, #India has been proactively engaging with and attracting foreign semiconductor firms to establish their manufacturing and operational bases within the country. The government's efforts are part of a broader strategy to reduce dependency on imports, bolster technological self-reliance, and position India as a key player in the #global #semiconductor supply chain. #Semiconductors, #SemiconductorManufacturing, #IndiaGrowthStory, #TechIndustry, #IndiaSemiconductorMission, #MicronTechnology, #Innovation, #TechEcosystem, #MakeInIndia, #DigitalIndia, #Semicon #India #2024 #ManufacturingExcellence, #TechInvestments, #IndiaAsGlobalHub, #FutureOfTech, and #SupplyChainDiversification.
Rahul Kumar’s Post
More Relevant Posts
-
🚨 𝐈𝐧𝐝𝐢𝐚 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 $𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐋𝐨𝐜𝐚𝐥 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠🚨 The Indian government is rolling out a $𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞 𝐩𝐚𝐜𝐤𝐚𝐠𝐞 to strengthen the domestic electronics sector and reduce reliance on Chinese imports. 🔹𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:👇 -Focus on boosting chip production and cutting-edge components. -Incentives to promote local innovation and reduce import dependency. -Part of a broader strategy to enhance self-reliance in electronics manufacturing. This move positions India as a global electronics hub while fostering growth and innovation in the domestic market. #MakeInIndia #Electronics #Innovation #IndiaGrowth #AtmanirbharBharat
To view or add a comment, sign in
-
Our Latest Blog from Tech Policy and Economic Development! India's strategic move towards semiconductor self-reliance represents a significant policy shift, backed by a massive investment of $15.2 billion. To reduce dependency on imports, particularly from China, the government is providing substantial subsidies to foster an indigenous manufacturing ecosystem. Three semiconductor plants are set to be operational by mid-2024, including a major collaboration between Tata and Taiwan's Powerchip in Gujarat, with combined investments totaling $10.92 billion. Economic Implications: 1. Anticipated job creation across various sectors, making way for innovation and technological advancement. 2. Potential GDP growth, reduced import dependency, and attraction of foreign direct investment (FDI). 3. Diversification of supply chains to enhance national economic stability and resilience. In Comparative Terms: Despite infrastructural challenges and funding needs, India's efforts align with global players like the U.S., South Korea, and China, highlighting strategic ambitions. Aims to mitigate geopolitical risks associated with over-reliance on foreign technology and supply chains, aligning with broader economic and strategic goals. Conclusion: India's semiconductor initiative is not just economic but a strategic imperative, aiming to enhance technological independence and sectoral resilience. Success could redefine India's economic trajectory and global standing in technology. Read more about this insightful analysis by Abhisht Chaturvedi, Research Analyst at Insights International, focusing on tech policy, media, and communications. #TechPolicy #EconomicDevelopment #SemiconductorIndustry #MakeInIndia https://lnkd.in/gR_6tv7X
To view or add a comment, sign in
-
🌟 The Future of Semiconductors: A Stronger India-Japan Partnership 🌏 Japanese firms are increasingly interested in establishing semiconductor manufacturing units in India, marking a significant step towards enhancing the country's technological capabilities. With the ambitious aim of setting up 10 semiconductor plants over the next decade, India is poised to become a global hub for semiconductor production. The collaboration between Indian and Japanese companies is pivotal in this endeavour. By leveraging Japan’s expertise and specialization in semiconductor technology, along with India's burgeoning market potential, these partnerships can drive innovation and efficiency within the sector. Moreover, robust government support will play a crucial role in facilitating this growth. As we navigate this transformative phase, it is essential for businesses to engage actively and explore opportunities that arise from these developments. We encourage companies to consider how they can contribute to or benefit from this exciting initiative as we work together towards a resilient and advanced semiconductor ecosystem in India. #Semiconductors #India #Japan #Partnerships #Innovation
To view or add a comment, sign in
-
🌟 Can India Become a Leader in the #Semiconductor Business? 📱💻 With the recent push for semiconductor #manufacturing and major players announcing ambitious plans, it’s clear that India is determined to carve out a significant role in this critical industry. 💡 Big Bets on #Wafer Fabrication & Assembly Serious players are investing heavily in wafer fabrication, testing, assembly, and packaging. #Tata Electronics is leading the charge, while other companies have joined the bandwagon, creating a ripple effect across the ecosystem. Further, India's increasing smart phone consumption will provide a decent domestic demand too. 💡 Global Competition and Opportunities Currently, #SouthKorea, #China, and #Taiwan dominate global semiconductor production, contributing about 70% of the supply. Taiwan alone accounts for 90% of advanced semiconductor chips. However, India’s lower cost of production positions it as a strong competitor to these giants. 💡 India’s Edge as a Potential Exporter While the #US dominates the value chain and remains the largest consumer of semiconductors, India's anticipated production by 2027 could open doors to significant exports. As Taiwan’s export share to the US is expected to decline, India could step up to fill the gap—provided it meets the required quality and technology standards. Here is a brief study on semiconductor industry:
To view or add a comment, sign in
-
India is setting the stage for a transformative leap in Mobile and Electronics Manufacturing! By empowering domestic champions, creating resilient supply chains, and attracting global investments, we’re crafting a future where India is a central hub in the global manufacturing landscape. Together, let’s #MakeTheFuture—one bold step at a time toward a self-reliant and globally integrated India. #ICEA #MakeTheFuture #MobilePhoneManufacturing #ElectronicsManufacturing #Supplychain #MakeInIndia #AtmanirbharBharat #GlobalValueChains #GlobalExport #GlobalCompetitiveness
To view or add a comment, sign in
-
India and Singapore recently strengthened their collaboration in the semiconductor sector through a significant Memorandum of Understanding (MoU) signed during Prime Minister Narendra Modi's visit to Singapore in September 2024. This agreement focuses on developing a robust semiconductor ecosystem that leverages the strengths of both nations. The partnership aims to enhance semiconductor manufacturing capabilities in India, with Singapore providing expertise and technology, particularly in advanced manufacturing processes.Singapore, a key player in the global semiconductor market, will also facilitate the entry of its semiconductor companies into the Indian market. This collaboration is expected to contribute to creating a more resilient supply chain in the semiconductor industry, which has become a critical area of focus due to global disruptions.Additionally, this partnership is part of a broader effort to deepen bilateral ties between the two countries, which also includes cooperation in digital technologies, healthcare, and skills development. #Semiconductor #India #Singapore #Economy
To view or add a comment, sign in
-
2047 goals perhaps? Taiwan, South Korea, China, Japan and USA will constitute the top 5 even in 2030. Based on the current pace, we will continue to rank lower than even Singapore in 2030. #factcheck #indiasemiconductormission #india #semiconductor https://lnkd.in/gAaEQGKs
India to rank among top five globally in semiconductor manufacturing by 2030: Ashwini Vaishnaw
m.economictimes.com
To view or add a comment, sign in
-
#India has ambitions to become a major chip hub on the lines of the #U.S., #Taiwan, and #SouthKorea, and has been courting foreign firms to set up operations in the country. The Indian semiconductor industry is projected to reach USD 55 billion by 2026. Are you diving into the world of the #semiconductor business in #India and feeling overwhelmed? Look no further than #OctagonaIndia for expert market research and groundwork assistance. Our specialists are here to provide in-depth #insights and support to help you navigate the Indian semiconductor market successfully. Don't tackle this journey alone - let Octagona India be your trusted partner every step of the way! Do write to us to know more and avail of such services at india@octagona.com #India #IndianMarket #Europe #Easeofdoingbusiness #Semiconductorchip #Investment #BusinessOpportunity
To view or add a comment, sign in
-
India is poised to become a key player in the global semiconductor industry, leveraging its unique strengths such as a burgeoning domestic market, cost-effective manufacturing, and robust government backing. The nation's journey mirrors its triumph in the automotive sector, where strategic policy-making and market demand led to international acclaim. While challenges in supply chain enhancement and technical collaboration remain, India's current initiatives signal a promising future. Building a semiconductor ecosystem is a marathon, not a sprint, and India is running with steadfast determination. #SemiconductorIndustry #TechInnovation #MakeInIndia #GlobalLeadership
To view or add a comment, sign in
-
💡 India and Singapore to Announce MoU for Collaboration in Semiconductor Ecosystem 💡 🎯 India and Singapore to unveil about half a dozen agreements during PM Narendra Modi’s visit to Singapore on September 4-5, 2024. 🎯 Key MoU on creating a semiconductor ecosystem, rapidly concluded by India’s Ministry of Electronics and IT and Singapore’s counterpart. ✔ Semiconductor Cooperation: 🎯 Singapore has a robust semiconductor ecosystem with equipment firms, material suppliers, and R&D activities. 🎯 New MoU aims to help India develop its own semiconductor ecosystem. 🎯 Singapore accounts for 10% of global chip production and 20% of global semiconductor manufacturing equipment production. ✔ India-Singapore Partnership: 🎯 Modi and Singapore PM Lawrence Wong to review the bilateral strategic partnership, marking a decade in 2024. 🎯 Singapore is India’s largest trade partner in ASEAN and sixth worldwide. 🎯 Singapore was the largest source of FDI into India in 2023, with cumulative investments worth $160 billion since 2000. ✔ Visit to Brunei: 🎯 Modi’s visit to Brunei on September 3-4, 2024, marks the first-ever bilateral visit by an Indian Prime Minister. 🎯 Discussions with Sultan Hassanal Bolkiah on ongoing cooperation and new collaboration areas. 🎯 India and Brunei share strong ties in space programs, defense cooperation, and potential long-term gas supply agreements. ✔ Asean-India Trade Agreement: 🎯 India to emphasize the need to conclude the ongoing review of the ASEAN-India Trade in Goods Agreement by 2025. 🎯 Agreement originally signed and came into force in January 2010. Follow us for more latest Semiconductor Updates! KeenHeads #vlsi #semicondcutor #keensemi #singapore #mou #innovation #technology #future #india #electronics
To view or add a comment, sign in