Indore’s Rahul Jain, a delegate at the Pravasi Bharatiya Divas Convention (PBD), is all set to move to Bangalore to explore career opportunities in the semiconductor industry. He finds the city as the best place to explore opportunities in this sector like his other friends.
The semiconductor products are used today in major applications such as automotive electronics, consumer electronics, data processing, industrial electronics, wireless communications and more. Governments around the world are increasing their investment in semiconductor chips, and India is getting ready to set itself as a semiconductor hub in the world.
There are a total 600,000 to 700,000 semiconductor engineers in the world, and 1/10th of the total engineers are in India. “The outer ring road of Bangalore city has a concentration of 50,000 to 70,000 defined semiconductor engineers who are into semiconductor refining. These engineers are the heart of the semiconductor industry,” revealed Nirmala Sitharaman, Finance Minister of India while sharing that around 2000 semiconductor chips are annually refined in India and that almost 90 percent of all chipmakers have their foot in India.
India is hoping to start its local production in two-three years with major companies expressing interest. The government is also working on the new policy to promote the refining of semiconductor chips within the country.
The Finance Minister addressed the Indian diaspora on the concluding day of 17th Pravasi Bharatiya Diwas Summit where she said that Indian government focuses on four Is- infrastructure, investment, innovation and inclusion to support its growth in the coming 25 years, she added that India is emerging as a low cost affordable technology leader in world.