India to become global player in semiconductor industry: IT secretary
India has the talent and deep expertise to become a global player in the semiconductor industry which is a vital sector for the country, Ministry of Electronics and Information Technology, Secretary, S Krishnan said.
The government was helping industries to create the ecosystem to build the semiconductors, he said.
Krishnan made those comments at a conference organised by fabless semiconductor firm iVP Semiconductor Pvt Ltd here on Saturday.
Global management consulting firm McKinsey has predicted that the semiconductor industry is expected to become a trillion dollar industry worldwide, while India Electronics and Semiconductor Association (IESA) estimates the sector to touch USD 100 billion by 2030.
India is rapidly becoming one of the biggest markets for electronics, automotive, Electric Vehicles and a significant hub for technical expertise.
"The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player. The