India is competing for the top spot at the global semiconductor table. The addressable market is for a minimum of $110 billion in semiconductors will be required in India by 2030, says Rajeev Chandrasekhar, Minister of State for Electronics, IT, Skilling, and Entrepreneurship in an interview with Money control.
He also added that the fabrication plant where microchips are constructed will be the geopolitics portion of a trustworthy, safe and resilient value chain.
To make India one of the international leaders in semiconductor and electronic space is the vision of PM Narendra Modi. In India expansion of semiconductors is a must as the demand for electronics is high. India is growing digitally and thus creating the opportunities for semiconductor ecosystem.