India’s semiconductor industry is set for a major boost as Tower Semiconductors of Israel and the Tata Group join forces to establish two multi-billion dollar semiconductor fabrication plants. This development, according to Minister of Electronics and IT Rajeev Chandrasekhar, represents a significant milestone for India’s semiconductor roadmap.
The proposed fabs will be equipped with cutting-edge technologies, operating at 65, 40, and 28-nanometer scales, and will incorporate various packaging proposals that are currently being evaluated. Minister Chandrasekhar stressed the government’s commitment to expedite these projects, signaling their strategic importance.
With four proposals for semiconductor manufacturing plants and thirteen for chip assembly, testing, monitoring, and packaging units, India is forging ahead with its efforts to transition from import-substitution-led manufacturing to export-led manufacturing. This move aligns with Minister Chandrasekhar’s correspondence with Finance Minister Nirmala Sitharaman, emphasizing the need to expand India’s presence in the global electronics manufacturing market.
The growth of India’s electronics manufacturing sector has been exponential, skyrocketing from Rs 1,80,454 crore (USD 29.8 billion) in FY 2013-14 to Rs 8,22,350 crore (USD 102 billion) in FY 2022-23. It is projected to reach an impressive Rs 23,95,195 crore (USD 300 billion) by 2026.
Minister Chandrasekhar attributes India’s success in electronics manufacturing to its proactive approach, highlighting the country’s transformation from a net importer to an exporter of mobile handsets. With an astounding 99.2% of mobile handsets manufactured domestically, India has firmly established itself as a global leader in this segment. The nation’s ambition to achieve USD 300 billion in electronics manufacturing by 2026-27 is becoming more attainable each day.
India’s advances in electronics manufacturing not only demonstrate economic prowess, but also its desire to become a trusted partner in global value chains. By offering high-quality products to enterprises, governments, and consumers worldwide, India is positioning itself as a key player in the global electronics market.
The collaboration between Tower Semiconductors and the Tata Group will undoubtedly strengthen India’s semiconductor industry while providing valuable opportunities for growth and innovation. With these two powerhouses leading the charge, India is poised to make its mark on the global semiconductor stage.
Frequently Asked Questions (FAQs) – India’s Semiconductor Industry Collaboration
1. What is the latest development in India’s semiconductor industry?
Tower Semiconductors of Israel and the Tata Group are joining forces to establish two multi-billion dollar semiconductor fabrication plants in India, which is expected to significantly boost the industry in the country.
2. What technologies will the proposed fabrication plants be equipped with?
The fabrication plants will incorporate cutting-edge technologies operating at 65, 40, and 28-nanometer scales. The packaging proposals for the plants are currently being evaluated.
3. How many proposals does India have for semiconductor manufacturing plants and chip assembly units?
India has four proposals for semiconductor manufacturing plants and thirteen proposals for chip assembly, testing, monitoring, and packaging units.
4. What is the aim of India’s transition in its manufacturing sector?
India is working towards transitioning from import-substitution-led manufacturing to export-led manufacturing. This aligns with the government’s goal of expanding India’s presence in the global electronics manufacturing market.
5. How has India’s electronics manufacturing sector grown in recent years?
India’s electronics manufacturing sector has experienced exponential growth, from USD 29.8 billion in FY 2013-14 to USD 102 billion in FY 2022-23. It is projected to reach USD 300 billion by 2026.
6. What has been India’s success in mobile handset manufacturing?
India has successfully transformed from a net importer to an exporter of mobile handsets. Currently, 99.2% of mobile handsets are manufactured domestically, positioning India as a global leader in this segment.
7. What does India’s ambition in electronics manufacturing signify?
India’s ambition to achieve USD 300 billion in electronics manufacturing by 2026-27 demonstrates not only its economic prowess but also its desire to become a trusted partner in global value chains.
8. How will the collaboration between Tower Semiconductors and the Tata Group impact India’s semiconductor industry?
The collaboration between Tower Semiconductors and the Tata Group is expected to strengthen India’s semiconductor industry and create opportunities for growth and innovation in the sector.
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The source of the article is from the blog elektrischnederland.nl