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Govt should encourage large Indian engineering firms to get into semiconductor design: ICEA

Economic TimesEconomic Times · 7m
Govt should encourage large Indian engineering firms to get into semiconductor design: ICEA

The Indian government is being urged to support and promote investment in the semiconductor design sector by local engineering corporations. The India Cellular & Electronics Association (ICEA) suggests that the government should provide funding for the semiconductor design ecosystem, designate the sector as strategically important, and expand incentives for startups in the industry. Acknowledging the importance of access to fabrication facilities, the ICEA recommends that the government learns from countries like China in order to overcome this challenge. In December 2021, India approved a $10 billion incentive package to attract chip manufacturing and packaging companies to the country.

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