City
Epaper

India’s chip market to surpass $100 billion by 2030: Centre

By IANS | Updated: March 28, 2025 10:16 IST

New Delhi, March 28 About 20 per cent of the workforce in semiconductor design is in India and ...

Open in App

New Delhi, March 28 About 20 per cent of the workforce in semiconductor design is in India and the country’s chip demand, currently at $45-50 billion, is expected to reach $100-110 billion by 2030, the government has said.

S. Krishnan, Secretary, MeitY, underscored the critical role of Nano Centres in fostering innovation and talent development to build a semiconductor-ready workforce of 85,000 professionals to achieve the goal.

Speaking at the first ‘Nano Electronics Roadshow’ at the National Science Seminar Complex, IISc Bengaluru, he emphasised that the event represents a significant initiative by the ministry and the government, symbolising convergence and fostering industry-academia collaboration, with the government playing a catalytic role in shaping India’s technological and industrial future.

“A key focus of the ministry is aligning various efforts to advance the India Semiconductor Mission, one of the world’s most extensive subsidy and grant programs. With nearly 70-75 per cent of investments in major semiconductor facilities coming from taxpayer money, every Indian is a stakeholder in this mission,” Krishnan told the gathering.

The roadshow showcased over 100 intellectual properties (IPs), more than 50 groundbreaking technologies, and the innovation of over 35 promising startups — all backed by six state-of-the-art nanoelectronics centres across the country.

The roadshow served as a platform for over 700 industry leaders, policymakers, and academics to explore areas of collaboration around strategies for strengthening India’s nanoelectronics ecosystem.

Abhishek Singh, Additional Secretary, MeitY, highlighted the revolution technology has been bringing in all our lives and how the whole world of technology is shrinking.

Commenting on the industry-academia collaboration, he added, “Under the India AI mission, through the INUP programme and other initiatives, startups, entrepreneurs, and researchers are solving real-world problems, driving India to the forefront of cutting-edge technology”.

“Together, with the pioneering efforts of institutions like IISc, IIT Bombay, IIT Delhi, and others, we are building an ecosystem that ensures India remains a leader in this revolution,” he mentioned.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Politics"DMK has fulfilled only 15% of its 511 election promises, but is lying about 99%": Annamalai at Ooty election campaign

NationalDelhi CM takes part in signature campaign for Women's Reservation Bill; urges for role of females in policy-making

PoliticsHarivansh takes oath as Rajya Sabha MP in presence of Vice President Jagdeep Dhankhar

CricketIPL 2026: BIG Update on MS Dhoni and Dewald Brevis Ahead of Chennai Super Kings vs Delhi Capitals Match

EntertainmentSonam Kapoor flaunts her dark circles as she lovingly holds her newborn son

Technology Realted Stories

TechnologyUPI turns 10, grows 12,000-fold in volume and over 4,000 times in value

TechnologyNifty, Sensex extend gains by over 1 pc

TechnologyGovt relaxes inspection norms for rice exports to Europe

TechnologyIndia, Qatar review strategic ties across trade, energy; agree to deepen bilateral cooperation

TechnologyReal estate insolvency framework needs project‑centric shift: Report