NEW DELHI — In the run-up to the Union Budget 2025-26 to be presented on
February 1, the Union Finance Ministry on Tuesday highlighted the achievements
of the government’s policies in pushing up investments and employment through
the semiconductor programme and the PLI scheme for electronic goods
manufacturing.
The ministry stated, “The Scheme for ‘Programme for
development of Semiconductors and Display Manufacturing Ecosystem’ aims to
provide attractive incentive support to semiconductor packaging and
semiconductor designing companies.”
The Semicon India Programme, approved on December 15,
2021, has made significant strides in strengthening India’s position in the
global semiconductor industry. Under the programme, the government has approved
five semiconductor projects and supported 16 semiconductor design companies.
These initiatives are expected to attract a cumulative investment of INR 1.52
lakh crore
The projects are expected to generate around 25,000
advanced technology direct jobs and an additional 60,000 indirect jobs marking
a significant milestone in boosting India's technological workforce.
The programme is designed to provide attractive
incentives to companies involved in semiconductor packaging and designing,
aiming to establish India as a global hub for semiconductors and display
manufacturing.
The success story extends to the broader electronics
manufacturing sector as well. Under the Production-Linked Incentive (PLI)
Scheme for electronics, India has recorded production worth INR 6.14 lakh crore
and exports of INR 3.12 lakh crore. This has led to the creation of over 1.28
lakh direct jobs in the sector, further solidifying India’s status as a global
electronics manufacturing powerhouse.
The Ministry also emphasized that technologies in
Convergence, Communications, and Broadband Technologies (CC&BT) will play
an important role in achieving the vision of a developed India, or Viksit
Bharat, in the coming years.
With a robust policy framework and significant
investments, India’s journey to becoming a leader in electronics and
semiconductor manufacturing continues to gain momentum. As the country embraces
advancements in these critical technologies, it is poised to contribute
significantly to the global supply chain and foster economic growth, the
statement added.
