{"id":144416,"date":"2021-11-01T19:04:14","date_gmt":"2021-11-01T13:34:14","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=144416"},"modified":"2021-11-01T19:04:14","modified_gmt":"2021-11-01T13:34:14","slug":"semiconductor-crunch-govt-plans-mega-package-to-woo-investments","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/semiconductor-crunch-govt-plans-mega-package-to-woo-investments\/","title":{"rendered":"Semiconductor crunch: Govt plans mega package to woo investments"},"content":{"rendered":"\n<h5>What is the news?<\/h5>\n<p>India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push the manufacturing of semiconductors.<\/p>\n<h5>About the production-linked incentive plan<\/h5>\n<p>The ambitious plan is being coordinated and monitored closely by the Prime Minister\u2019s Office (PMO) and multi-ministries have joined the process.<\/p>\n<p>The government recently had a high-level meeting on the matter attended by Telecom and IT minister, Principal Scientific Adviser, and others.<\/p>\n<h5>About semiconductors<\/h5>\n<p>India imports almost all semiconductors to meet demand estimated to reach around $100 billion by 2025 from about $24 billion now.<\/p>\n<p><strong> Previous efforts<\/strong> to improve the semiconductor industry had <strong>failed<\/strong> due to lack of heavy investments required in the manufacturing as well as the lack of uninterrupted clean water and electricity<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read more<\/strong>: <a href=\"https:\/\/forumias.com\/blog\/semiconductors-why-india-should-not-make-chips-instead-the-focus-should-be-on-other-parts-of-the-global-value-chain\/\" target=\"_blank\" rel=\"noopener\">Semiconductors: Why India should not make chips \u2013 Instead, the focus should be on other parts of the global value chain<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5>What are the opportunities for India?<\/h5>\n<p><strong>\u2018China plus 1\u2019 policy of companies<\/strong>: Many global companies are deciding to have a diverse supply chain for semiconductors and are investing in countries other than China to reduce their risk. This presents investment opportunities for India.<\/p>\n<p><strong>Domestic demand<\/strong>: The government expects domestic production of electronics to move up to $350-400 billion by 2025, against the estimated $75 billion now.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Must read<\/strong>: <a style=\"font-family: inherit; font-size: inherit; background-color: var(--global--color-background);\" title=\"Need of Indigenous Semiconductor Manufacturing Facilities in India \u2013 Explained Pointwise\" href=\"https:\/\/forumias.com\/blog\/need-of-indigenous-semiconductor-manufacturing-facilities-in-india-explained-pointwise\/\" target=\"_blank\" rel=\"noopener\">Need of Indigenous Semiconductor Manufacturing Facilities in India \u2013 Explained Pointwise<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Source:<\/strong> This post is based on the article \u201c<strong>Semiconductor crunch: Govt plans mega package to woo investments<\/strong>\u201d published in <b>The Times of India <\/b>on<strong> 1st November 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the news? India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push the manufacturing of semiconductors. About the production-linked incentive plan The ambitious plan is being coordinated and monitored closely by the Prime Minister\u2019s Office (PMO) and multi-ministries have joined the process. The government recently had a high-level&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/semiconductor-crunch-govt-plans-mega-package-to-woo-investments\/\">Continue reading <span class=\"screen-reader-text\">Semiconductor crunch: Govt plans mega package to woo investments<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1738,9],"tags":[],"class_list":["post-144416","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-science-and-technology-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704867211},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/144416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=144416"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/144416\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=144416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=144416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=144416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}