IEBS Emphasizing Hidden Opportunities In The Underexplored Indian Semiconductor Industry
                     IEBS Emphasizing Hidden Opportunities In 
The  Underexplored Indian Semiconductor 
Industry
In recent years, India has been in the limelight when it comes to supporting technological  
developments & innovations. In early 2022, the Union Cabinet approved the National Green  
Hydrogen Mission to attract and support key green hydrogen players across the globe in  
various aspects. Considering this endeavor to take such initiatives, commitment-based  
attitude, and ability to disrupt the overdependence on China and Taiwan like few nations for  
semiconductors, India and the US signed a memorandum of understanding (MoU) on  
establishing semiconductor supply chain and innovation partnership during the Commercial  
Dialogue 2023 held last month. Earlier, the governing agencies of both nations tended to 
build  a resilient semiconductor supply chain through their respective missions: the US’s 
CHIPS and  Science Act and India Semiconductor Mission. The CHIPS and Science Act, 
approved in August  2022, would focus on reducing costs, strengthening supply chains, and 
creating jobs. On the  other hand, India Semiconductor Mission—launched in December 
2021—aims towards  building a vibrant semiconductor & display design and innovation 
ecosystem, thereby  enabling the nation’s emergence as a global hub for electronics 
manufacturing, designing, and  packaging. The recent MoU aims to leverage the 
complementary strengths associated with  both independent missions and facilitate 
commercial opportunities through talks on various  aspects of the semiconductor value chain.
Government-Led Initiatives To Build A Resilient Indian Semiconductor 
Industry:  India does not have indigenous semiconductor manufacturing facilities, so it has 
begun to  focus on attracting global chip makers to establish manufacturing facilities there. 
The nation  has published a meticulous policy framework to offer financial assistance to 
businesses  investing in semiconductor and display manufacturing; this will help pave the way 
for India’s  expanding participation in the global electronics value chains. On December 15, 
2021, the  Government of India approved a $10 billion incentive plan, “Semicon India 
Program,” to  attract investments related to semiconductor and display fabrication, as well as 
to become a  key player in the global semiconductor supply chain. The Ministry of Electronics 
and  Information Technology is simultaneously focusing on leveraging the global 
semiconductor  supply chain & attracting foreign investment, for which it has set an 
ambitious target to  achieve $300 billion in electronics manufacturing and exports by 2026. To 
align with this  government-determined target, India will consume semiconductors worth 
$70-80 billion  during the next four years.
Click below to read the complete article by ‘IEBS’@
https://www.iebrain.com/hidden-opportunities-in-the-underexplored-indian-semiconductor-  
industry/
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