Semicon India Scheme To Create 85,000 Jobs: Centre Highlights Progress
Updated: 28-01-2025 at 7:48 AM
1k
The Semicon India Programme was launched on December 15, 2021. Its goal is to make India a global leader in semiconductor and display manufacturing. With the growing electronics market and rising demand for semiconductors, the government program aims to create a complete ecosystem for production. It offers large government incentives to companies involved in semiconductor packaging and design. This ensures India stays competitive in the high-tech industry.
Key Achievements Of The Semicon India Programme
The India Semicon program has greatly boosted the semiconductor industry. It has attracted large investments, created jobs, and encouraged innovation in control and package design. This is a tentative analysis of the program's impact.
Investment Attraction:
- The Semicon India Programme has attracted investments of ₹1.52 lakh crore. This is a major achievement. It was made possible by the government approving five semiconductor projects and supporting 16 design companies. These steps aim to strengthen India’s semiconductor infrastructure and boost manufacturing capacity.
Job Creation:
-
Directly: 25, 000 advanced technology positions.
-
Indirectly: 60, 000 additional positions.
-
Total: 85, 000 positions across the sector.
Incentives for Growth:
-
Government assistance is being extended to firms in the semiconductor packaging and designing business for enhanced output.
Read More: UPSC Exam 2025
The Success Of The PLI Scheme For Electronics
The Production-Linked Incentive (PLI) Scheme has strengthened the electronics manufacturing capabilities of India.
-
Production Value: ₹6.14 lakh crore.
-
Exports: ₹3.12 lakh crore.
-
Job Creation: Over 1.28 lakh direct jobs are generated in electronics manufacturing.
Role In Viksit Bharat Vision
The Ministry of Finance highlighted the role of Convergence, Communications, and Broadband Technologies (CC&BT). These technologies are crucial for achieving the vision of a developed India, or Viksit Bharat. These technologies will be critical in:
-
Developing India’s skilled technology workforce.
-
Increasing economic productivity.
-
Participating in the global supply and value chain of semiconductors and electronics.
What Makes Semicon India and PLI Schemes Important
Over the years, India’s dependence on imported semiconductors has increased which makes it critical to polish the existing semiconductor ecosystem indigenously. The Semicon India Programme not only helps fill this void but also enhances India’s participation in the international arena. In combination with the PLI scheme they:
-
Attract massive investments into India’s technology sector.
-
Help create millions of jobs for highly qualified people.
-
Increase India’s exports and contain the import bill.
These schemes also further India’s vision of an Atmanirbhar Bharat – self-sufficient India – while aiding in the global supply chain contribution.
Conclusion
The Semicon India Programme and the PLI Scheme for Electronics, India is envisaged to be at the forefront of semiconductor and electronics manufacturing. Semicon Programme is likely to draw investments worth ₹1.52 lakh crore and address critical industry issues while creating 85,000 job opportunities, whereas the further strengthening of the PLI Scheme on electronics production and exports will bolster India’s position in global manufacturing.
Join the conversation and stay informed! Visit the Jaagruk Bharat community page and be part of an active, engaged community, as we work day and night to bring information to your fingertips.
0
0
1k
0
0
1k Views
0
No comments available
Our Company
Home
About
T&C
Privacy Policy
Eula
Disclaimer Policy
Code of Ethics
Contact Us
Cancellation & Refund Policy
Categories
Women
Insurance
Finance
Tax
Travel
Transport & Infrastructure
Food
Entertainment
Communication
Government ID Cards
E-commerce
Traffic guidelines
Miscellaneous
Housing and Sanitation
Sports
Startup
Environment and Safety
Education
Agriculture
Social cause
Jaagruk Bharat with its team work tirelessly to bring all government schemes, Sarkari Yojanas, policies and guidelines to you in a simplified and structured format.
Our team is at the forefront of gathering, verifying and breaking all central government and state government regulations uncomplicatedly.
Our mission and vision are to make the common citizen of India aware of all government-laid-out rules and policies in a single place. Thus, we Jagruk Bharat have created an all-inclusive portal for 1.5 billion Indian citizens to understand, utilize and avail benefits of govt schemes and policies and by bringing them under one roof.
Jaagruk Bharat (जागरूक भारत) is a one stop centralised destination where you can effortlessly find, understand, and apply for various government schemes. We are committed to ensuring transparency and empowering Indian citizens. Our goal is to keep India Jagruk about government policies, the latest news, updates, and opportunities.
All Copyrights are reserved by Jaagruk Bharat