India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan, S Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country.
In an interview to the media, the minister for IT and electronics said he is of the firm belief that practically every big player would now like to reconsider their investment plans and come to India, given the carefullycrafted policies here.
India will build on its design capabilities, where the country already has inherent and proven mettle and, notably, nearly one-third of the global talent.
That piece alongside the proposed fab (chip fabrication plant) and the 3 ATMP (assembly and test) units in India now brings together the key elements of semiconductor value chain, effectively, according to him.
“...people who were earlier thinking when should we go to India or should we go to
India...now they are asking how soon do we go to India... that is the change which is happening. This means, practically every big player would now like to reconsider their investment plans and come to India,” he said.
Asked about the timelines when India would aim to be a formidable player rivalling known semiconductor destinations, the minister said, “in the coming 5 years, definitely”.
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