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India has deep expertise, scalability to become global player in semiconductor industry: IT secretary

Economic TimesEconomic Times · 3m
India has deep expertise, scalability to become global player in semiconductor industry: IT secretary

India has the potential to become a global player in the semiconductor industry, according to S Krishnan, Secretary of the Ministry of Electronics and Information Technology. With the government's support, the country aims to build the necessary ecosystem for semiconductor manufacturing. McKinsey has predicted that the semiconductor industry will become a trillion-dollar sector worldwide, while the Indian Electronics and Semiconductor Association estimates it to reach $100 billion by 2030. India is already a significant market for electronics, automotive, and electric vehicles, making the semiconductor industry essential for its growth. iVP Semiconductor Pvt Ltd, a fabless semiconductor firm, is playing a crucial role in creating demand for semiconductor manufacturing in India.

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