India aims to establish 100 semiconductor design startups to create innovative solutions and designs for the global market, says Rajeev Chandrasekhar, Minister of State for Electronics and IT. The union minister said that the country also plans to create a talent pool of 85,000 highly-skilled professionals in the sector.
Rajeev Chandrasekhar was speaking at the third edition of the Semicon India event, which brought together students, young innovators, industry stakeholders, and other key individuals at IIT Delhi. With a brand-new curriculum in place, he believes India will contribute to the global semiconductor industry while becoming a significant player in the tech space.
The union minister further highlighted India’s progress, underlining that in only 14 months, the country has created opportunities in manufacturing and design. “What China took 30 years to achieve, our government and country want to implement in one decade. The focus has been on moving ‘New India’ from being an outlier on the fringe in the Global Value Chains of electronics to becoming a serious player,” Chandrasekhar emphasised.
India’s semiconductor market is projected to reach $64 billion by 2026. The minister expressed the government’s commitment to ensuring that India participates in every aspect of technological advancements in the coming years.