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India Attracts Rs 2.5 Lakh Crore Investments in Semiconductor Industry
India has attracted investment proposals exceeding Rs 2.5 lakh crore in the semiconductor sector, covering packaging, design, and research and development, according to Union Minister of State for Electronics and IT, Rajeev Chandrasekhar. Speaking virtually at the 'India Semiconductor and Packaging Ecosystem Conference' (ISPEC), Chandrasekhar highlighted India's evolving role as a major player in the semiconductor industry. He noted a significant shift from being a talent provider to global semiconductor giants to now being a destination for investments, with growing capacity in manufacturing, design, and systems.
Chandrasekhar emphasized the government's continued focus on attracting investments in semiconductor manufacturing and packaging. The minister stressed a deep commitment to research and innovation within the semiconductor industry, underlining the importance of creating a vibrant and competitive ecosystem centered around innovation, packaging, semiconductor research, chip design, and system design.
In a significant development, Chandrasekhar announced the upcoming establishment of Assam's first-ever semiconductor packaging plant, valued at nearly Rs 25,000 crore. This initiative is a collaboration between the state government and the Tata Group, reflecting the growing interest and involvement of both public and private entities in the semiconductor sector.
Looking ahead, Chandrasekhar expressed optimism about the future under Prime Minister Narendra Modi's third term, suggesting that more developments are yet to unfold. He predicted that India's presence in the global semiconductor ecosystem and the value chain would be significantly larger, higher, more meaningful, and impactful compared to just two years ago.
This surge in investment proposals and strategic initiatives reflects India's growing prominence in the semiconductor industry and its commitment to building a robust and competitive ecosystem in this critical technology sector.
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