India's Semiconductor Demand Expected To Reach $100–110 Billion By 2030
The India Semiconductor Mission is probably one of the largest, most generous ways in which subsidies and grants are provided, says the MeitY secretary.
India's semiconductor demand is likely to reach $100–110 billion by 2030 from the current demand of $45–50 billion, according to S Krishnan, secretary of the Ministry of Electronics and Information Technology.
"We are going to invest in the five companies — Kaynes Semicon, Tata Electronics, CG Power, Micron Technology, Suchi Semicon — and their entire output is being looked at," Krishnan said at the inauguration of India's first Nano Electronics Roadshow in Bengaluru on Thursday. "Today, the demand is about $45–50 billion and is likely to go up to $100–110 billion by 2030."
When all the five companies are at their peak production, the combined production of all the five companies is going to be $6–7 billion. India still has a small proportion of the semiconductor design and output needed in the country. While some of the output will be exported, there is a clear need to expand, according to the MeitY secretary.
"The game is not yet done. We need to be bigger players, there's more investment that needs to take place. The PM and IT minister have said that the government will continue to support the sector, to take it further. There is a long hard slog ahead of us. Hopefully, we will be a power to reckon with in the semiconductor space," Krishnan said.
The India Semiconductor Mission is probably one of the largest, most generous ways in which subsidies and grants are provided. The government is also investing in the design space, with plans to enhance the Design Linked Incentive scheme to support not just startups and micro, small and medium enterprises but also larger companies, the MeitY secretary said.
He also highlighted the need for intellectual property ownership and the development of inter-design products, and how the growth of global capability centres was a positive development, and is fostering human resource creation and knowledge spillover.
The Nano Electronics Roadshow was inaugurated by Krishnan and facilitated the signing of four memoranda of understanding between the academia and the industry, driving partnerships and technological advancements.
