New Delhi, Oct 17 (KNN) The maiden SemiconIndia FutureDesign Roadshow begins at the Karnavati University in Gujarat today.

The Union Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Rajeev Chandrasekhar will flag off the roadshow.

The SemiconIndia FutureDesign Roadshows under the Design Linked Incentive scheme of India Semiconductor Mission aims to catalyse the Startups in the field of Semiconductor Design and Innovation through incentives to the tune of Rs 100 crore per device at the Design stage.

In December 2021, the central government had initiated the India Semiconductor Mission with an incentive outlay of Rs 76,000 crore to attract investments in the strategic Semiconductor sector.

To work towards achieving the goals set by the centre, the Gujarat government announced its Semiconductor Policy 2022-27 and also began the process to setup a Semicon city in Dholera.

The Minister in his recent trip to Rajkot, had stated that “Dholera would emerge as Asia’s biggest electronics & semiconductor innovation hub". The SemiconIndia FutureDesign will inspire the next gen Startups in Semiconductor Design & also help create a robust semiconductor ecosystem in the state.

“PM Narendra Modi aims to establish India as the Global Hub for Semiconductor Design and Innovation. India is a land of opportunities in Semiconductor sector and we are building the Semiconductor ecosystem for India’s Techade”, he said in a statement.

The Electronics sector in India has been on an upward trajectory since 2014. The sector has grown from around Rs 1, 10,000 crore (in 2014) to around Rs 6, 00,000 crore this year. In 2014, there were just two Mobile manufacturing units which have increased significantly to over 200 now.

The mobile exports in India in 2015-16 were near zero. Propelled by the PMP and PLI Schemes, they reached Rs.27, 000 cr in 2019-20, and within the first year of PLI Scheme, saw a 66 per cent increase to Rs.45, 000 cr.  (KNN Bureau)