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Government to come up with program very soon to put country on good semiconductor journey for next 10 years: Ashwini Vaishnaw
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In order to give a boost to semiconductor manufacturing in the country, Union Minister for Electronics and Information Technology, Ashwini Vaishnaw has said that the government will come up with a program very soon to put the country on a good semiconductor journey for the next 10 years.
He stated ‘When PM approved the Semicon India program on Jan 1, 2022, we promised that within the next 14-16 months, we'll work hard, learn from the world's experience and come out with a program which will take the country on a good semiconductor journey for next 10 years.’
The government launched a programme called Semicon India Programme in December 2021 with an outlay of Rs 76,000 crore. The programme seeks to support the development of the semiconductors and the display manufacturing ecosystem in India. He stated ‘As Government, we promised you and this 14-16 months period begins on March 1 this year. You will see some good news in the coming weeks.’ He highlighted that global companies have shown keen interest in India's semiconductor manufacturing, which is important to meet the country's strategic needs.
