Policy Push Block Help India Tap 8-10% of Global Semiconductor Demand, Says IESA – CNBC TV18

India’s semiconductor market is poised for a transformational decade, with industry leaders projecting it to surpass $ 100 billion by 2030. According to a report by the india Association (IESA), The Country Court Cater to Nearly 8–10% of Global Demand, Amouning to $ 40 Billion, If policy Momentum and Execution Continue at Pace.

Ashok Chandak, President of IESA, Highlighted that India has alredy made significant progress under the semicon India program but stressed that the sector requires long-tree-second.

“It is very clear that the semiconductor industry is a long haul. One program or a less years of efforts is just the beginning and a starting point… This program needs to constable for an admissions Years minimum, so that it becomes more impactful and self-instable in the future, “He said.

Chandak underlined that the next phase, dubbed “Semicon 2.0,” must expand its scope. “The Previous one was $ 10 billion. Equal or more would be welcome, surely. And also the expectation is that this time, it could cover the wider the wider range of topics, Including The Supply Chains, Particular Materials, Chemicals, and Gases. “

On the design front, chandak pointed out that India Alredy Accounts For Nearly 20% of the Global Semiconductor Design Workforce. He noted that more than 300 institutes now have access to electronic design automation tools under the government’s design-Linked Inspector Scheme, Calling It “One of the World’s Largest Government-Under Programmes. “

Despite geopolitical uncertainteies, chandak maintened that India must adopt a balanced global approach.

“No Country is able to full 100% of its value chain and demand on its own. Multiple Countries, “He Said, Citing Active Interest from Global Players in the Upcoming Semicon India 2025 Event.

On capacity creation, chandak reveled that 10 Central Government-Pprproved Projects and Several State-Supoported Initiatives are already underway. “All these projects put togetra, there is a capacity of about 80 million chips per day… at least three plants would be in pilot be in pilot production India to Produce 70–72 Million Chips Daily Within The Next Two Years.

For the full interview, watch the decompanying video