Despite the support provided by the government, more needs to be done to achieve the India’s semiconductor dream. Explain (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The pandemic has brought to the fore the fragility of the global supply chain of semiconductor manufacturing.
· It is timely, therefore, that India has approved a $10 billion package to incentivise the manufacturing of semiconductors in the country.
· Getting fab manufacturing will also build on India’s strength in design. We have the largest number of chip designers outside of the U.S. who are working on state-of-the-art systems and technologies.
· Fab clustering, where key semiconductor supply chains and related businesses are in one place to create backward and forward linkages, would also play a key role in creating an ecosystem for the semiconductor industry.
· Apart from incentivising more FDI in electronics to deepen our supply chains through incentive schemes, we need to focus on encouraging Indian manufacturers and start-ups to enter and master complex R&D and manufacturing verticals.
· Indian engineers have contributed immensely to this area in multinational companies. We must encourage them to set up their design start-ups with handsome government grants and tax incentives.
· Premier research institutions such as the Indian Institute of Science should also be asked to work aggressively on R&D in chip designing and manufacturing.
· By working aggressively in new cutting-edge technologies, India can ensure that it becomes atmanirbhar.
