India is the right place for developing semiconductors, says Union Minister Ashwini Vaishnaw at WEF

Last Updated: Jan 18, 2024

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Union Minister for Electronics and Information Technology Ashwini Vaishnaw has said that India’s semiconductor mission is focused on talent development and designing the entire chip. He said, that in just 24 months or so, India has tied up with 104 universities, redesigned the entire course curriculum, and tied up with international institutions including the University of Purdue to give the semiconductor mission a big boost.

Speaking at the World Economic Forum annual meeting, Mr. Vaishnaw said, that India is the right place for developing semiconductors as the country has a large pool of talent, which includes close to 3 lakh design engineers, who practically design every complex chip which is manufactured in the world. He said, India is looking to develop the complete ecosystem of semiconductors, including design capabilities and manufacturing software and hardware part of it. Mr Vaishnaw said, that under its semiconductor mission, India is committed to developing 85,000 talents, which includes engineers, BTech, MTech, PhD, and technicians for managing clean rooms, working out machines, and the entire spectrum. Calling trust India’s biggest capital, he said the entire world has developed a “very big amount of trust” in India. He stated that India has signed a Memorandum of Cooperation with the US, Europe, and Japan and also working with the South Korean government and companies on semiconductors.

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