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Chip Manufacturing in India: The government is giving importance to the semiconductor industry. This year, the budget has increased by 83 percent for this mission.
Chip Manufacturing In India: If the smartphone market is seen around the world, then India’s market is going to become the largest. At present, China is occupied at number one, but soon India will beat its neighbor in the number of smartphone users. The demand for smartphones within the country is constantly increasing. In view of this, the Government of India has also started gearing up to take advantage of the opportunity. Fast work is being done towards creating a chip manufacturing unit inside India. Let us know that China and America dominate the chip manufacturing right now.
Golden opportunity for Indian smartphone market
This is no less than a golden opportunity for the smartphone market in India. Therefore, Meity (Ministry of Electronics and Department of Telecommunication (DOT) are working on a plan that will suddenly move ahead with a big boost. If this plan is successful, then there will be a big benefit as well as India will become self -sufficient in this area.
Contribution of self -sufficient India and India Semiconductor Mission
During a recent program, Meity Secretary S Krishnan made it clear during the conversation that if we move towards creating a mobile operating system inside India, then the role of chipset will be very important for us. It also includes the contribution of self -sufficient India and India Semiconductor Mission. This year, the government has taken steps in this direction in the budget, the semiconductor manufacturing has been focusing in the budget.
83 percent budget increased
How much importance the government is giving to the semiconductor industry can also be gauged that this year the budget has increased by 83 percent for this mission. To give boost to this sector, the government has also made a provision of 7000 crores in the budget. Along with this, the budget of the production link initiative scheme has also been increased, it has been increased by 55 percent to 9000 crores.
