Semiconductor manufacturing to install within 2-3 years: IT minister

03 May 2022 CW Team

Minister of Electronics & Information Technology Ashwini Vaishnaw told the media that a decision as complex as installing semiconductor manufacturing in India has a timeframe of 2-3 years, and as India鈥檚 ambitious scheme progresses, more global names are likely to come in.

Stipulating that only four months have passed since the programme to invite semiconductor manufacturers to establish a base in India was launched, He also talked about how the federal government plans to promote home producers to build capability in this area.

Various giant names from the semiconductor area are yet lacking from the programme, but they will be used.

Almost all world majors have now included India as a core focus of their business plans. For any such complicated and massive funding resolution, globally, the expertise has been that the timeframe for them has been 2-3 years.

As it progresses, there should always be extra names coming in. It鈥檚 only been four months since the programme was launched, and there鈥檚 been a great improvement. The programme had room for each massive and mid-sized business developing expertise within the area. Design companies have established a wonderful response 鈥� now the ministry has magnificent responses from innovators, kids, and startups in keeping with the expectations.

Prime Minister Narendra Modi said that this could be a 20-plus-year plan. This is one thing that would be the grounds of the financial system. For this era, that is as necessary as we thought of electrical energy 20 years ago. So it will be a long-term programme, and as the ministry explores this primary programme, they are going to tweak it and take it forward.

Also read: India to consume $80 bn semiconductors to produce $300 bn electronic

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