New Delhi (India), June 24: The Electronic Industries Association of India (ELCINA) has applauded the announcement of Micron’s mega ATMP facility. ELCINA complements MeitY for obtaining approval for the project by the Union Cabinet to invest Rs 22,500 crore ($2.7 billion) for establishing a semiconductor testing and packaging unit in India. This landmark investment represents a transformative milestone for India’s semiconductor ecosystem, paving the way for the development of a comprehensive semiconductor industry within the country. ELCINA firmly believes that Micron’s investment will not only strengthen India’s semiconductor industry but also attract other major players to explore lucrative opportunities in the country.
India, which is fast becoming a significant player in the ESDM sector as a global producer, has recognized the significance of nurturing a robust semiconductor ecosystem. The absence of a domestic semiconductor fabrication unit has spurred the government to introduce incentives and actively pursue collaborations with global semiconductor manufacturers. Micron’s investment stands as a major stride towards strengthening India’s pursuit of an independent and self-reliant semiconductor industry. This facility will generate about 5,000 employment opportunities and spur the development of skilled manpower for India’s semiconductor sector. This step will surely foster innovation and technological advancements.
ELCINA acknowledges the tireless efforts of the Ministry of Electronics and Information Technology (MeitY) in attracting semiconductor investments and creating an enabling environment for the industry’s growth. MeitY announced a comprehensive Scheme with a Rs 76,000 crore incentive package in December 2021, which was a bold step to incentivize technologically sophisticated companies to invest in India.
Hon’ble Minister of State, Shri. Rajeev Chandrasekhar recently expressed that India is now well on its way to nurturing 100 semiconductor design start-ups by 2024. Currently, 27-30 design and semiconductor start-ups are already making commendable progress in establishing India’s pivotal role in the future of technology, global supply chains, value creation, and innovation ecosystem.
ELCINA congratulated Shri Vijay Nehra, Secretary, DST, Govt of Gujarat and his team for crossing yet another milestone to achieve the vision of US$ 300 Billion of domestic electronics production and a digital economy worth US$ 1 Trillion by 2025. Aligning with the Government of India’s policies, the Government of Gujarat has chosen a focused policy-driven approach with the launch of an exclusive semiconductor and electronics policy with compelling incentives making Gujarat a preferred destination for electronics manufacturing.
Shri. Sanjay Agarwal, President of ELCINA, expressed his appreciation, stating, “This announcement will shore up the demand for Chips in the country and move India towards Atmanirbharta in this key sector.”
Shri. Amrit Manwani, CMD of Sahasra Semiconductors, added, “This is a very significant step to develop an ecosystem for semiconductors manufacturing; Micron’s project will kick-start India’s journey to becoming a semiconductor nation integrating with the global supply chain ecosystem”. The global demand for semiconductors continues to soar due to the growing production and consumption in most sectors”
ELCINA is proud of its member, Sahasra Semiconductors, the country’s first ATMP unit, which has already commenced operations and raised its first commercial invoice in February.
Dr. Ashwini Aggarwal, Director (Govt Affairs), Applied Materials & Chairperson of the Semiconductor SIG, ELCINA, acknowledged the government’s commitment to nurturing domestic talent through partnerships with top Indian universities and development of a specialized talent pool focused on the semiconductor industry to strengthen India’s position as a preferred destination for semiconductor manufacturing and design.
Mr. Rajoo Goel, Secretary-General, ELCINA, emphasized, “Initially, the ATMP unit serves as the cornerstone for building the ecosystem, followed by the semiconductor fab. ELCINA has always believed and championed the need for focus on the back-end semicon value chain, which would support the front-end Feb eco-system.”
ELCINA eagerly extends its support to Micron and looks forward to collaborating with all stakeholders in creating a thriving semiconductor supply chain of capital equipment, consumables, raw materials, specialized services, and skilled manpower. The association remains dedicated to fostering innovation, driving sustainable growth, and ensuring India’s active participation in the global electronics industry.
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