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In a move to promote domestic manufacturing as well as attract global electronic chip companies to India, the government is aiming to come up with a semiconductor design-linked incentive policy. Global heavy weights like Qualcomm, Intel, Mediatek, Infineon, and Texas Instruments will be contributing towards the development of their chipsets through their research and development centers in India. The scheme will provide additional incentives under the scheme, as and when these startups start producing and selling chips in the market.
New scheme to bolster India’s strength in designing semiconductors
The new scheme envisages financial and infrastructure support for Indian MSMEs and startups right from the ideation stage to production stage.
Last week, the Minister of State for Electronics and IT Rajeev Chandrasekhar had said that the government would host a conference of semiconductor companies in India to discuss India’s policy roadmap in the segment.
India Electronics and Semiconductor Association (IESA) said that the new initiative which will leverage India’s strength to make an impact in the field of designing semiconductors. In the coming few years, a target of 25 plus fabless companies in the next few years which will make a substantial impact in the global semiconductor market.
The key driver of revenues that electronic chip companies earn from sale of their high end components is the semiconductor design.