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Current Affairs-Topics
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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