Tech

India to expand semiconductor mission, Semicon 2.0 will be unveiled soon: Ashwini Vaishnaw

The central government will soon unveil the Semicon 2.0 program, having a much-expanded scope than the previous programme, Union Minister for Electronics and Information Technology announced on Wednesday on the sidelines of the Semicon India 2024.

“We are now formulating the Semicon 2.0 program, which will be a much-expanded form of Semicon 1.0,” he told reporters, adding that the first phase of the program is largely complete.

“Semicon 2.0 may be unveiled in three to four months. The second phase will focus on the complete value chain,” the minister said.

The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India (or Semicon 1.0) was notified on December 21, 2021, with a total outlay of Rs 76,000 crore.

Vaishnaw noted that the best part about India is that the entire semiconductor ecosystem is coming to the country. Global industry leaders are applauding India’s growing semiconductor ecosystem, he said.

Also, the ninister announced that the upgrade plan for the semiconductor lab in Mohali is ready and it will be taken up in the Cabinet soon.

The government has so far approved five semiconductor units in India, of which construction in two sites is on, and soon the work in the rest three will start.

In June 2023, the Union Cabinet approved a proposal for setting up a semiconductor unit in Sanand, Gujarat. In February 2024, three more semiconductor units were approved – two in Gujarat and one in Assam. Earlier this month, the government approved the proposal of Kaynes Semicon Pvt Ltd to set up a semiconductor unit in Sanand, Gujarat.

They have already made a cumulative investment of almost Rs 1.5 lakh crore.

American chip maker Micron’s high-end semiconductor fabrication plant at Gujarat’s Sanand, which is India’s first, is coming up at a rapid pace. It is expected to be operational in late 2024.

The minister today said that there are many proposals under evaluation, including for Uttar Pradesh. “After evaluation, we will take them to cabinet for approvals,” he said.

With India’s electronics sector now valued at over USD 150 billion, Prime Minister Narendra Modi, speaking at the same event earlier today outlined a larger goal to take the country’s electronics sector to USD 500 billion and create 6 million jobs by the end of this decade.

“Our goal is that 100 per cent of electronic manufacturing should happen in India. India will make semiconductor chips and the finished product too,” PM Modi said.

ANI

Ani service

Recent Posts

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

11 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

11 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

12 hours ago

PoJK: Joint Awami Action Committee protests against government following new ordinance, many injured

Joint Awami Action Committee core member Shaukat Nawaz Mir has condemned the attack of police…

13 hours ago

PM Modi meets 31 world leaders, heads of organisations during his 3-nation foreign visit

Prime Minister Narendra Modi participated in 31 Bilateral Meetings and informal interactions with global leaders…

15 hours ago

India- Australia conduct 11th Indian Air Force-Royal Australian Air Force Air Staff Talks

India and Australia conducted the 11th edition of the Indian Air Force and Royal Australian…

15 hours ago