There is a need to extend the success of the Productive Linked Incentive scheme to create a indigenous cutting-edge chip fabrication ecosystem for the country. Elaborate (200 Words)
Refer - Financial Express
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IAS Parliament 4 years
KEY POINTS
· The accelerating trend of India’s digital ecosystem, along with new communication architectures like 5G and 6G and heavily-connected IoT device frameworks, is racking up massive demand for electronics in India.
· India must figure out how to ensure a steady supply of cutting-edge electronics and devices to citizens without depending on foreign players like China.
· Electronics imports are currently at $40 billion, and are expected to increase to $200 billion soon surpassing even oil imports.
· The government realised this handicap early and launched the Production Linked Incentive (PLI) scheme with incentives based on production and value addition.
· Large MNCs like Samsung from South Korea and Xiaomi from China are now setting up factories in India.
· The success of the PLI scheme demonstrates the value of good governance in advancing India’s digital ecosystem. The next step to digital self-reliance is chip fabrication.
· It requires extensive indigenous investment and physical infrastructure to complement the abundance of human capital.
· India requires its most prominent companies and business leaders like Reliance, the Tatas and Azim Premji to take leadership.
· It will create the perfect base to have a world-class chip fabrication ecosystem in India.
· India must support the installation of several generations of chip fabrication plants and the intentional development of a total ecosystem.
ANIL KUMAR RAM 4 years
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IAS Parliament 4 years
Swapnali Vijay Gawande 4 years
https://drive.google.com/file/d/12-KvAaHBZewUmw-4kPtthQlvxnz0eZNo/view?usp=drivesdk.
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IAS Parliament 4 years
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