India has almost everything needed to have a successful semiconductor industry but it still needs to work to reestablish credibility, the head of the world’s top advocacy group representing the semiconductor industry has said.
From near-zero levels just a year and a half ago, India is now well on its way to having 100 semiconductor design startups by 2024. The Rs 76,000-crore incentive scheme for chip-making, the large talent pool and the skilling programme is playing to the country's strength and mark India's rise as a semiconductor nation.
“It’s now or never (for India in the semiconductor industry),” Ajit Manocha, president and CEO of Semiconductor Equipment and Materials International (SEMI) told PTI in an interview.
“Because it takes years to come to the speed and this is a time to do it. Also if we don't do it now, I think we'll lose credibility forever,” he said, adding that there might be a couple of announcements before the US visit of the prime minister which would put the Indian semiconductor industry on the right track.
“India, in my opinion, has almost everything you need to have a successful semiconductor industry in the country. We have talent, we have democracy, the largest democracy in the world. We have a market. The population is the market.", he said.
We are 1.4 billion now bigger than even China. And language is a big plus. Virtually everybody speaks English. Plus, we comply with international laws. So what more do you need, you have everything to really attract industry’s equal ecosystem,” he added.
“We are fortunate now that the country has two leaders, two ministers who are doubly background like Rajeev Chandrashekhar and Ashwini Vaishnav. Then we have leaders like Prime Minister (Narendra) Modi, who is very visionary and a very pro country. So, I think the, all the stars are aligned finally,” Manocha said.
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