New Delhi, February 4 (IANS). So far, 10 semiconductor plants have been approved by the Central Government in the country. Of these, production in four plants has reached the pilot stage. This information was given by Union Minister of State for Electronics and Information Technology Jitin Prasad on Wednesday.
Responding to a written question in the Lok Sabha, the Union Minister said, “So far, 10 semiconductor plants have been approved by the Center in the country, with an estimated investment of Rs 1.6 lakh crore and production has started in four of them.”
The official statement further said that the sanctioned projects include two fabs and eight packaging units such as CMOS (silicon) fab, one silicon carbide fab, advanced packaging and memory packaging units. 24 chip-design projects have been supported through Startups, of which 16 have completed tapeout and 13 have received venture capital funding.
The Ministry of Electronics and Information Technology said 350 universities have been provided access to Electronic Design Automation (EDA) tools, which are being used by 65,000 engineers.
The government has launched Semicon India program with a total outlay of Rs 76,000 crore with an aim to develop an end-to-end ecosystem for semiconductor and display manufacturing, covering everything from design, manufacturing to assembly, testing, packaging and module manufacturing and fabrication.
Citing National Association of Software and Services Companies (NASSCOM) projections, the government said the performance of the IT sector has improved over the last five years, and exports are expected to grow from $152 billion to $224.4 billion between 2020-21 and 2024-25.
The ministry said that during the same period the total income increased from $ 196 billion to $ 283 billion.
Analysts predict that the launch of India Semiconductor Mission 2.0 will lead to integration of hardware and software capabilities and strengthen the country’s technology ecosystem, positioning India as a leader in next-generation digital infrastructure.
The government’s Rs 7,280 crore Sintered Rare Earth Permanent Magnet (REPM) scheme is expected to boost India’s broader semiconductor manufacturing ambitions by ensuring secure access to strategic materials.
–IANS
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