The India Electronics and Semiconductor Association (IESA) today hailed the official notification of Semicon 2.0, building upon the success of the Semicon India Programme. In a statement, the association said that the comprehensive approach can significantly deepen India’s semiconductor capabilities, attract large- scale investments, create high-value employment and strengthen India’s position as a trusted global semiconductor partner. President of IESA, Ashok Chandak highlighted that India is now moving from credibility to capability and policy continuity will be a key enabler of this journey. He noted that the first phase of this program already created confidence by 12 approved projects, more than a hundred design start-ups’ support, over 355 institutes and 60 thousand students having Electronic Design Automation tools availability. He said that this is not simply about building semiconductor factories; it is about building the ecosystem around them and creating sustainable capabilities in India. He said that the programme has the potential to catalyse more than 5 lakh crore of cumulative private and industry investment over the next five to seven years.
Mr Chandak further highlighted that Semicon 2.0, together with Electronics Components Manufacturing Scheme (ECMS), the Mobile Phone Manufacturing Scheme (MPMS) and Electronics Manufacturing Clusters (EMC), can accelerate domestic value addition, create opportunities for startups and MSMEs, and attract global suppliers. It will also enable India to move progressively from manufacturing for the world to creating and owning technology for the world.
