The Narendra Modi government, in its second term, laid the foundation for making India an electronics and semiconductor nation. The electronics industry is hopeful that the incoming government will continue to focus on accelerating plans for boosting chip manufacturing in the country. Navin Bishnoi, India Country Manager at Marvel, a fabless company, told Business Today, “The semiconductor ecosystem expects robust support from governments to drive growth and innovation. Building on this thought, Satya Gupta, President of the VLSI Society, told Business Today, “In today’s technology-driven world and geo-political environment, no country can be a developed nation without a strong domestic electronics and semiconductor industry. Echoing Gupta’s sentiment, independent semiconductor analyst Arun Mampazhy says that between 2019 and 2024, the government made a good start with schemes like production-linked incentives, semiconductor schemes, and more.

Source: India Today June 04, 2024 22:21 UTC