 "India aims to become a semiconductor powerhouse, targeting 0 billion in electronics by 2030, creating 6 million jobs.")
Prime Minister Narendra Modi highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He announced ambitious plans to expand the country’s electronics sector from its current value of over $150 billion to $500 billion by the end of the decade, which could create around 6 million jobs for young people. India already contributes 20 percent to global semiconductor design and is focused on training 85,000 workers in this field. With strong government support, including a Rs 1 trillion R&D fund and favorable policies, India aims for complete domestic electronics production while bolstering its technology infrastructure for enhanced connectivity.
Prime Minister Narendra Modi recently highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He emphasized that now is the “right time” to invest in India as the government aims to expand the country’s electronics sector from its current value of over $150 billion to a staggering $500 billion by the end of the decade. This ambitious growth plan is expected to create approximately 6 million jobs for Indian youth.
Modi remarked, “When the chips are down, you can bet on India,” showcasing the country’s commitment to becoming a major player in semiconductor manufacturing. He noted that India already contributes 20 percent to global semiconductor design and is poised to increase this share. To support this expansion, the government is preparing a skilled workforce of 85,000 professionals in the semiconductor field.
The Prime Minister also mentioned the government’s proactive measures, including a substantial Rs 1 trillion research and development fund and a comprehensive strategy to attract investments and develop supply chains. He reiterated that India’s policies have led to the approval of projects worth Rs 1.5 trillion, with many more initiatives on the horizon.
The ultimate goal is to make electronics production entirely domestic, aligning with India’s vision of technological self-sufficiency and global competitiveness.
Relevant tags: India, Semiconductor Industry, Electronics Production, Modi, Job Creation, Investment, Technology.
-
What is India’s goal for the electronics sector?
India aims to reach a $500 billion electronics sector, meaning they want to grow this industry significantly to create jobs and boost the economy. -
Why is this a good time to invest in India’s electronics sector?
It is a good time to invest because the government is supporting growth, local manufacturing is increasing, and there is a rising demand for electronic products. -
How is the Indian government supporting the electronics industry?
The Indian government is providing incentives, improving infrastructure, and creating policies to attract companies to manufacture electronics in India. -
What kind of electronics are being focused on?
The focus is on various electronics, including smartphones, computers, and components. This includes both manufacturing and innovation in technology. - How will this growth benefit ordinary people in India?
The growth of the electronics sector will create more jobs, improve technology access, and boost the economy, benefiting everyday lives.
