ENA Sectors 2025-01-21 15:40:00 <p><span style="font-size:14px"><strong>New Delhi, Jan 21 (KNN) </strong>India's ambitious journey to strengthen its foothold in the global semiconductor industry has gained significant momentum, thanks to the Semicon India Programme.</span></p> <p><span style="font-size:14px">Approved on December 15, 2021, this programme has made impressive strides in positioning India as a key player in the sector, with the government's proactive initiatives driving forward the country's technological aspirations.</span></p> <p><span style="font-size:14px">Under the Semicon India Programme, five semiconductor projects have already been approved, alongside support for 16 semiconductor design companies.</span></p> <p><span style="font-size:14px">These moves are expected to bring in an estimated investment of Rs 1.52 lakh crore, underlining the growing confidence in Indias potential as a hub for advanced technology.</span></p> <p><span style="font-size:14px">A key outcome of this programme is the creation of around 25,000 direct jobs in advanced technology sectors, with an additional 60,000 indirect jobs, significantly boosting India's technological workforce.</span></p> <p><span style="font-size:14px">The government's focus is not only on the manufacturing side but also on semiconductor packaging and designing, with attractive incentive schemes aimed at fostering innovation and investment.</span></p> <p><span style="font-size:14px">The Union Budget 2025-26 further underscores this vision. The Ministry of Finance, in a recent social media post, highlighted the governments plan to enhance the semiconductor and electronics manufacturing ecosystem.</span></p> <p><span style="font-size:14px">This includes providing incentive support to semiconductor packaging and design companies, which is poised to help India emerge as a global leader in these sectors.</span></p> <p><span style="font-size:14px">Alongside the semiconductor push, the country has also seen remarkable growth in its electronics manufacturing sector.</span></p> <p><span style="font-size:14px">The Production-Linked Incentive (PLI) Scheme has led to a production worth Rs 6.14 lakh crore and exports of Rs 3.12 lakh crore, creating over 1.28 lakh direct jobs. This success story signals India's growing dominance as a global electronics manufacturing powerhouse.</span></p> <p><span style="font-size:14px">As India gears up to become a leader in semiconductor and electronics manufacturing, the focus remains on emerging technologies in Convergence, Communications, and Broadband Technologies (CC&amp;BT).</span></p> <p><span style="font-size:14px">With strong policy frameworks and ongoing investments, India is well on its way to contributing significantly to the global supply chain and fostering economic growth on a scale never seen before.</span></p> <p><strong><em><span style="font-size:14px">(KNN Bureau)</span></em></strong></p> 40735 https://knnindia.co.in/news/newsdetails/sectors/semicon-india-programme-to-attract-rs-152-lakh-cr-investment-job-opportunities 2025-01-21 15:40:00 knnindia.co.in