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Let's decode the Semiconductor Industry in India : High Import Reliance: โข India depends heavily on other countries for semiconductors. โข Major suppliers: China, Taiwan, South Korea, and the USA. โข In 2023, India imported semiconductors worth over USD 20 billion. Main imports: โข integrated circuits, microprocessors, and memory chips. Challenges: โขCOVID-19 showed weaknesses in supply chains. โข Political tensions, especially with China. โข Unskilled labour Growing Exporter : โข India is slowly increasing its semiconductor exports. โข Export value in 2023 was around USD 1 billion. โข Main buyers: USA, Europe, and Southeast Asia. Growth Factors: โข Government programs like the Production Linked Incentive (PLI) scheme. โข Investments from big companies like Tata Group and Reliance Industries. Government Support: โข The National Policy on Electronics (NPE) 2019 aims to make India a global electronics hub. โข The Semiconductor Mission encourages local semiconductor industries.
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