Important for world that India emerges as trusted, resilient partner in semiconductor sector, says Union minister; hails PM's vision
India emerge as a trusted, resilient partner in the electronics and semiconductor space, Union Minister Rajeev Chandrasekhar said here on Saturday, and asserted the world wants to partner with India for the country to grow its footprints in the semiconductor ecosystem. Talking to PTI on the sidelines of the Semicon India 2023 event organised at Mahatma Mandir here, he said Prime Minister Narendra Modi's vision for the sector is to create more and more opportunities for young Indians studying in colleges.
The chip shortage witnessed recently was a combination of supply chain disruptions due to the Russia-Ukraine war and the COVID pandemic as well as the increased demand for chips in automotive, IOT, computer, mobile phones and mobile telephony, the Union Minister of State for Electronics and IT said. «So, on the one hand, demand was going up, and on the other hand, we saw concentration of chip production in a few countries.
It is important now for the world and for India that India emerges as a trusted partner, as a resilient partner, in electronics as well as semiconductors,» he said. He said the Indian market, its geopolitics, geography and talent makes the country «the ideal trusted partner» for global consumers of semiconductors and electronics.
The Union minister said signing of agreements between India and the United States of America as well as Japan and European Union for semiconductors shows «the world wants to partner with India for India to grow its footprints in the semiconductor ecosystem.» He asserted that young Indians, to a large extent, are the ones who are going to lead the charge in the semiconductor ecosystem. Chandrasekhar, who also holds the portfolio of entrepreneurship and skill development, said
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