Minister of State for Electronics and IT Rajeev Chandrasekhar said that India is aiming to create 100 semiconductor design startups in the near future, which will develop innovative designs and solutions not only for the domestic market but also for the world. Addressing a gathering of students, young innovators, industry stakeholders and others at IIT Delhi on Friday, the minister said the country will soon have a talent pool of 85,000 highly-skilled professionals in the semiconductor sector.
Plan to create 100 semiconductor design startups
We aim to create 100 semiconductor design startups as there is immense scope for innovation in this sector, said Chandrasekhar, keynote speaker at the third edition of the flagship ‘Semicon India’ event. According to Chandrasekhar, in just 14 months, the country has not only created opportunities in manufacturing and design, but with the brand new curriculum, we will soon provide a fresh 85,000 talent pool not only to India but also to the world . The minister said, there is nothing in the digital space or tech space, which India will not be a part of in the years to come.
Numerous opportunities for cooperation in the semiconductor sector
Hidetoshi Shibata, President and CEO of Japanese semiconductor maker Renesas Electronics, said at the event that India is an important part of the company’s global business and there are immense opportunities for collaboration in the semiconductor sector. The central government has allocated a budget of Rs 1,200 crore to invest in Indian semiconductor design startups. The country recently launched a Rs 76,000 crore production-linked incentive scheme for semiconductors and display manufacturing units.