India has the potential to emerge as a big technology nation, says a report by the NITI Aayog. The think tank in fact highlights that India with the right kind of policy push has the opportunity to overturn The ongoing India semiconductor race and become a leader in new generation technologies.
As the globe’s reliance on semiconductors increases, India’s strategic resolve to bolster its semiconductor prowess is becoming internationally salient.
India and the Race for Semiconductors: A strategic chance
The semiconductor race in India is being given a further push with the government making significant investments in local manufacturing and research.
With supply chains around the world disrupted, India senses a chance to reduce dependence on imported foreign semiconductors.
Semiconductor growth
According to the NITI Aayog report, India’s large number of skilled engineers, growing digital infrastructure, and government incentives make it conducive for the growth of semiconductors.
Industry experts say the decision is more about building chips than India claiming a place in the global tech ecosystem.
Semiconductor Industry India: Current Scenario
Today, the semiconductor industry in India is nascent compared to front-runners such as Taiwan, South Korea, and the USA.
The vast majority of semiconductor manufacturing and advanced chip fabrication is in East Asia. But recent policy initiatives like the PLI scheme for semiconductors are likely to alter this course.
India is working on setting up semiconductor FABs (fabrication plants), R&D centers, and talent development programmes. These measures will help support long-term chip production growth for applications in areas including automotive, consumer electronics, and telecommunications.
India’s Role in Next-Gen Technologies
Besides semiconductor fabrication, the NITI Aayog report emphasizes India’s position in next-gen tech such as 5G, artificial intelligence, quantum computing, and IoT.
A strong semiconductor ecosystem in the country will lead India to focus on innovation in these areas and provide localised solutions instead of importing them.
Global boost in tech market
India plans to rely on its latest high-tech applications to build on its position in the world tech market through the adoption of semiconductor technology. The report also noted that India’s strategic investment in research and collaboration with global semiconductor majors will drive innovation.
The dream of being a world leader in technology is no longer an illusion in India. Solution Out of the problem statement, the NITI Aayog presents a three-pronged solution increasing public-private partnership (PPP) models, attractive incentives for semiconductor investments, and building an intellectual property (IP) ecosystem.
Atmanirbhar Bharat Vision
With the government’s assurance to manufacture global quality semiconductor chips facilitation of semiconductors in India will become an integral part of India’s industrial growth, as the country has made clear that we are ready to rival the likes of semiconductor powerhouses.
It is also clear that the focus on sustainable and state-of-the-art chip manufacturing is in line with India’s aspiration for digital self-reliance, famously called “Atmanirbhar Bharat”.
What This Means For the Future
India’s push into semiconductor advance will create jobs, spur research and development, and decrease the country’s reliance on technology from other countries. More significantly, it will create new possibilities in defence systems, healthcare gadgets, and intelligent consumer products.
Some experts in the industry have said the strategic move allows India to act as a counterbalance in the world’s digital economy and that it has far-reaching economic and technological implications.
While India further scales up its semiconductor play, the India semiconductor race is all poised to redefine the way it is played.
Driven by strong attention to innovation, infrastructure, and talent development, India’s horizon in the next-gen technologies looks promising. NITI Aayog’s Think Tank Report is a clear road map to make India a global leader in tech.
