‘First semiconductor fab to be announced in a few weeks’
The first semiconductor fab will be announced in a few weeks, and India is poised for a vibrant chip industry in the next 3-4 years on the back of enabling policies and the government’s firm commitment towards growing the manufacturing ecosystem, Union Minister Ashwini Vaishnaw said on Tuesday.
Today, 99% of mobile phones used here are made in India, he said.
This is in stark contrast to the situation 10 years ago when out of 100 phones, as much as 99% was imported, the Minister for Electronics and IT said at a CII event.
This year, the mobile phone exports will touch $9.5 -10 billion, he added.
The Centre is focused on creating and fostering the semiconductor sector and has been actively engaging with stakeholders.
Given the progress on all fronts in India’s semiconductor blueprint, “we should see a vibrant semiconductor industry in the coming 3-4 years.”