New Delhi, 9 February (IANS). India’s semiconductor consumption market is expected to grow from 13 percent compound annual growth rate (CAGR) by 2030, India’s semiconductor consumption market is expected to grow from the production linked incentive (PLI) scheme to increase manufacturing manufacturing at the domestic level. I am at $ 52 billion.
According to Dr. Veerappan, President of the Electronics and Semiconductor Association of India (IESA), fields like Automotive and Industrial Electronics offer opportunities for price-promotion. Mobile handsets, IT and industrial applications, which contribute about 70 percent of the income of the sector overall, remain the major drivers of development.
India’s semiconductor market is expected to increase to $ 103.4 billion by 2030. This will help the electronics market of over $ 400 billion.
According to IESA President Ashok Chandak, the government’s targeted incentives for FAB and OSAT, increase in R&D investment and collaborative industry initiatives are important to pursue India’s semicondi sector, 21 in this sector by IESA members companies in the last one year. Arab dollar investment projects have been announced.
It is important to focus on local semiconductor design and manufacturing to strengthen India’s position in global electronics ecosystem and reduce dependence on imports in the country.
A skilled workforce is the backbone of India’s semiconductor aspirations. By investing in education and practical training, we can prepare the youth to lead the field change.
‘Make in India’ Initiative has been promoted domestically important equipment such as charger, battery packs, all types of mechanics, USB cable, and lithium ion cells, speakers and manufacturing of microphones, display assembly and camera modules.
A strong foundation of this sector has been prepared in the country due to the government approval of five projects to set up a plant in the launch of India Semiconductor Mission and set up plants in the semiconductor area.
-IANS
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