PM Modi Unveils India's Ambitious SEMICON India 2024 Roadmap

PM Modi unveiled India's ambitious semiconductor roadmap at SEMICON India 2024, held at the India Expo Mart in Greater Noida, Uttar Pradesh. The event showcased India's strategy and policy, aiming to position India as a global hub for semiconductor design, manufacturing, and technology.

SEMICON India 2024: Event Overview and Significance

Inaugurated by Prime Minister Narendra Modi on September 11, 2024
Held at India Expo Mart, Greater Noida, Uttar Pradesh
Three-day conference from September 11-13, 2024
Theme: "Shaping the Semiconductor Future"
Showcases India's semiconductor strategy and policy
Aims to position India as a global hub for semiconductor design, manufacturing, and technology
Over 250 exhibitors and 150 speakers participating
India becomes the 8th country globally to host such an event

Government Initiatives and Support for Semiconductor Industry

50% financial support offered for setting up semiconductor manufacturing facilities
State governments actively participating in the process
Investments worth over Rs 1.5 trillion attracted, with more projects expected
Semicon India Program provides financial assistance for front-end fabs, display fabs, and semiconductor packaging
Launch of Critical Mineral Mission to boost domestic production and secure overseas acquisitions
Customs duty exemptions and mining auctions to support the sector
Rs 1 trillion research fund established under Anusandhan National Research Foundation
Goal to grow electronics sector to $500 billion and create 6 million jobs by 2030

Talent Development and Workforce Preparation

India currently contributes 20% of global semiconductor design talent
Plan to create a workforce of 85,000 skilled professionals in coming years
Focus on training technicians, engineers, and R&D experts
Government partnering with 113 universities, academic institutions, and R&D organizations
Developing curriculum with semiconductor focus
Emphasis on design ecosystem development to produce major products

International Collaborations and Future Outlook

India working closely with countries like Japan and the US
Key partner in the QUAD Semiconductor Supply Chain Initiative
Multiple agreements signed to strengthen global semiconductor cooperation
Aim to ensure 100% domestic electronic manufacturing, including chips
India progressed from major mobile phone importer to second-largest producer and exporter
Focus on 5G handset manufacturing
Vision to position India as a reliable partner in global semiconductor supply chains

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