PM Modi Led Manufacturing Initiatives: Make in India, PLI & More
Semicon India Program - Building the Next Semiconductor Powerhouse
India's efforts to establish a self-reliant semiconductor ecosystem through the Semicon India Program have gained considerable traction, with the government sanctioning 10 major projects involving investments totaling approximately Rs.1.6 lakh crore. Concurrently, the country's information technology (IT) sector has sustained substantial growth, with total revenue expected to reach $283 billion by 2024-25.
The semiconductor development strategy is in line with Prime Minister Narendra Modi's vision of Atmanirbhar Bharat and Make in India, Make for the World. The objective is to establish a comprehensive value chain encompassing chip design, fabrication, assembly, testing, packaging, and module manufacturing.
Recognizing the critical role of semiconductors in the economy, the government initiated the Semicon India Program with a total budget of Rs.76,000 crore to cultivate a resilient semiconductor and display manufacturing ecosystem.
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As part of this initiative, 10 projects have been approved, including two fabrication units and eight packaging and assembly facilities. These projects involve CMOS silicon fabs, silicon carbide fabs, advanced and memory packaging units, with four facilities already commencing pilot production.
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Beyond manufacturing, the program has also focused on enhancing chip design capabilities and nurturing talent. A total of 24 chip design projects have received support through startups, with 16 projects advancing to the tape-out stage and 13 securing funding from venture capitalists. Additionally, 350 universities have been granted access to advanced Electronic Design Automation (EDA) tools, benefiting around 65,000 engineers.
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The establishment of the India Semiconductor Mission (ISM) serves as the central authority for evaluating and recommending semiconductor projects. The ISM is complemented by semiconductor experts and representatives from various ministries and departments to ensure cohesive decision-making processes.