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Domestic electronics manufacturing reaches ₹5.54-lakh crore in 2020

Home manufacturing of digital items elevated considerably from ₹2,43,263 crore in 2015-16 to ₹5,54,461 crore in 2020-21, rising at a compounded annual progress fee of 18 per cent, the Lok Sabha was knowledgeable on Wednesday.

“Many insurance policies of the federal government together with the flagship production-linked incentive (PLI) schemes, scheme for promotion of producing of digital elements and semiconductors, modified electronics manufacturing cluster (EMC 2.0) scheme are main steps in direction of making India “AtmaNirbhar” in electronics manufacturing ,” Rajeev Chandrasekhar, Minister of State for Electronics and Info Know-how, in a written reply to a query within the Lok Sabha mentioned.

As semiconductors kind a significant a part of all digital merchandise, on account of progress in electronics manufacturing sector, semiconductor market in India has additionally witnessed proportionate progress over the previous couple of years, he mentioned.

“As per the trade estimate, the semiconductor consumption in India was round ₹1.1-lakh crore in 2020 which is being met by imports because of absence of economic semiconductor fabs in India.The federal government could be very targeted on its essential goal of constructing the general semiconductor ecosystem and make sure that, it in-turn catalyses India’s quickly increasing electronics manufacturing and innovation ecosystem,” he knowledgeable.

Semicon India program
This imaginative and prescient of AtmaNirbharta in electronics and semiconductors was given additional momentum by the Cupboard, approving the Semicon India program with a complete outlay of ₹.76,000 crore for the event of semiconductor and show manufacturing ecosystem within the nation.

This system goals to offer monetary assist to firms investing in semiconductors, show manufacturing and design ecosystem. This may serve to pave the best way for India’s rising presence within the world electronics worth chains.

4 schemes
The federal government has launched 4 schemes below the aforesaid programme, together with scheme for establishing of semiconductor fabs in India geared toward attracting giant investments for establishing semiconductor wafer fabrication amenities within the nation.

Scheme for establishing of compound semiconductors/ silicon photonics/ sensors fab and semiconductor meeting, testing, marking and packaging (ATMP)/ OSAT amenities in India. The scheme gives a fiscal assist of 30 per cent of the capital expenditure to the eligible candidates for establishing of amenities for such merchandise.

Thirdly, the design linked incentive (DLI) scheme that gives monetary incentives, design infrastructure assist throughout varied phases of growth and deployment of semiconductor design for built-in circuits, chipsets, system on chips, programs and IP cores and semiconductor linked design.

Along with the above schemes, the federal government has additionally authorized modernization of semiconductor laboratory, Mohali as a brownfield Fab.

Functions have been invited below varied schemes for establishing of semiconductor amenities. To this point 23 purposes have been acquired that are below analysis, Chandrasekhar added. The Hindu BusinessLine

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