India will spend $30 billion to overhaul its technology industry and build a chip supply chain to ensure it will not be “commandeered” by foreign suppliers. According to the Nikkei Asian Review, Das noted that the investment move is aimed at increasing local production of semiconductors, displays, advanced chemicals, networking, and telecommunications equipment, as well as batteries and electronics in India.
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“India’s chip demand is growing at nearly twice the global rate every year. By 2030, India’s semiconductor demand will reach $110 billion,” Das said. Das said the US and EU aim to bring some of the most cutting-edge chip production into the country.
But India is looking to bring in more mature process chips, including those made with 65nm to 28nm production technology, which is widely used. Controller chips for connectivity chips, display drivers, electronics, and electric vehicles.
In addition, Das said that apart from the huge domestic market, India has a large number of engineers, which will help the country attract foreign investors and overhaul the local electronics industry. Meanwhile, India has set a goal of producing 85,000 high-quality engineers within 10 years.
