India's ascent as a global hub for semiconductor technology

Summary

The video script highlights the pivotal role of semiconductors in shaping the modern digital world, emphasizing India's strategic move to bolster its semiconductor ecosystem. Under Prime Minister Narendra Modi's visionary leadership, the 'Semicon India' program, with an investment outlay of ₹76,000 crore, offers significant fiscal support for fabs and research, aiming to create a robust global supply chain. The program has already attracted over ₹152,000 crore in investments, showcasing India's commitment to becoming a key player in the trusted semiconductor value chain, with partnerships with leading nations and a focus on workforce development and R&D.

Takeaways

• 📱 **Semiconductors are essential**: They are the tiny components that power everything from smartphones to satellites, forming the foundation of the tech industry.
• 🌟 **Foundational industry**: Semiconductors are crucial for the digital transformation and are considered the backbone of modern technology.
• 🔗 **Job multiplier effect**: The semiconductor industry has a significant economic impact, with a 5 to 6 times job multiplier effect on downstream industries.
• 🏗️ **Overcoming challenges**: India has addressed historical challenges to develop a robust semiconductor ecosystem over the past 60 years.
• 🌐 **Visionary leadership**: The vision of Prime Minister Narendra Modi has been instrumental in transforming the semiconductor industry in India.
• 💼 **Semicon India program**: With an investment of ₹76,000 crore, this program provides substantial fiscal support for various semiconductor facilities and workforce development.
• 🏫 **Education and training**: Over 200 institutes are offering specialized courses in semiconductor technologies to develop a skilled workforce.
• 🤝 **Global partnerships**: The Indian government is collaborating with global players to develop skilled professionals and research institutions.
• 💹 **Attracting investments**: India has attracted over ₹152,000 crore ($18 billion) in investments, showcasing its potential in the global semiconductor market.
• 🌟 **Semicon India 2024**: This event will offer a platform for comprehensive exhibitions, insightful programs, and networking opportunities for industry leaders.
• 🔄 **Resilient supply chain**: India aims to lead a global semiconductor supply chain that is robust against disruptions.

Q & A

What role do semiconductors play in modern technology?

Semiconductors are the foundational industry of all tech-driven transformation, forming the backbone of our modern digital infrastructure.

How does the semiconductor industry impact job creation?

The semiconductor industry has a 5 to six times job multiplier effect on the downstream industry.

What is the vision behind the 'Semicon India' program?

The 'Semicon India' program, under the leadership of Prime Minister Narendra Modi, aims to overcome past challenges and establish India as a key player in the global semiconductor ecosystem.

What is the financial outlay of the 'Semicon India' program?

The 'Semicon India' program has an outlay of 76,000 crore Indian Rupees.

What types of facilities does the 'Semicon India' program support?

The program offers 50% upfront fiscal support for Semiconductor Fabs, display Fabs, and facilities for compound semiconductors, silicon photonics, sensors, discretes, and semiconductor packaging.

How is the 'Semicon India' program contributing to workforce development?

Over 200 institutes are offering specialized courses in semiconductor technologies as part of the 'Semicon India' program.

What partnerships is the Government of India making to develop skilled professionals?

The Government of India is partnering with global players to develop skilled professionals in the semiconductor sector.

What investments are being made in research and development under the 'Semicon India' program?

Significant R&D investments from industry players are being made under the 'Semicon India' program to develop world-class research institutions.

How much investment has India attracted in the semiconductor sector?

India has attracted over 152,000 crore Indian Rupees or US$18 billion in investments.

What is the significance of the partnerships with leading countries in the 'Semicon India' program?

India has been partnering with leading countries like the US, EU, Japan, and Singapore to understand and enhance its role in the global trusted semiconductor value chain.

What can attendees expect at 'Semicon India 2024'?

Semicon India 2024 will offer comprehensive exhibitions, insightful programs, and unmatched networking opportunities among semiconductor industry leaders.