India’s efforts to become a hub for semiconductor manufacturing have received a significant boost with the government’s Production-Linked Incentive (PLI) scheme and a partnership with global chipmaker Qualcomm. The PLI scheme, which offers financial incentives to companies setting up chip fabrication units in India, has attracted several global players, including Qualcomm, which has announced plans to set up a research and development facility in the country.
The government has identified semiconductor manufacturing as a strategic sector and has been actively promoting it through various initiatives. The PLI scheme, which offers incentives of up to 50% of the investment, has been successful in attracting companies like Qualcomm, Intel, and Taiwan Semiconductor Manufacturing Company (TSMC) to set up shop in India.
Qualcomm’s decision to set up a research and development facility in India is a significant milestone in the country’s semiconductor journey. The facility, which will be set up in the Dholera Special Investment Region in Gujarat, will focus on designing and developing chipsets for 5G and other emerging technologies.
The partnership between Qualcomm and the Indian government is expected to give a fillip to the country’s semiconductor ecosystem, which is still in its nascent stages. The government has identified several locations, including Dholera, as hubs for semiconductor manufacturing and has been actively promoting them through various initiatives.
The PLI scheme and Qualcomm’s investment are expected to attract more companies to India’s semiconductor sector, which has the potential to become a significant contributor to the country’s economy. The government has set ambitious targets for the sector, including achieving a turnover of $1 trillion by 2025.
India’s semiconductor ambitions have received a significant boost with the PLI scheme and Qualcomm’s investment. The country is poised to become a major player in the global semiconductor industry, with the government’s initiatives and partnerships with global players like Qualcomm expected to drive growth and innovation in the sector.
