According to Business Standard, India’s Federal Minister of Electronics and Information Technology Ashwini Vaishnaw said on Tuesday that India’s first semiconductor manufacturing plant will be announced in the next few weeks. The ranks of the country expressed confidence in the industry.
“We are approaching an inflection point where the first manufacturing plant should be announced in a few weeks. This is just the beginning,” Vaishnaw said at the Confederation of Indian Industry (CII) Partnership Summit.
“In the next three to four years, India will have a A vibrant semiconductor industry,” the federal minister told the meeting.
The Indian government announced a $10 billion (IT Home Note: currently about 68.8 billion yuan) plan in December 2021 to encourage the production of chips in India. According to recent reports, the Indian central government is in talks with at least four global semiconductor companies to set up such factories.
Domestic production of semiconductors has become a priority for the Indian government amid a shortage of chips, which has led to supply disruptions in areas such as cars and electronics, especially after the outbreak of the new crown epidemic.
Last week, the US and India also signed a Memorandum of Understanding (MoU) on establishing a semiconductor supply chain and innovation partnership, underscoring the importance of chips in the context of the global economy.
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Vaishnaw also highlighted the government’s success in transforming India from a mobile phone importer to a mobile phone exporter.
“Today, 99 per cent of mobile phones used in India are domestically produced, in stark contrast to the situation 10 years ago when 99 per cent of every 100 mobile phones were imported,” he said.
Vaishnaw also said it’s time for at least one more trusted source in the telecommunications technology space.
“The telecommunications technology space in the world is currently dominated by a few players, which is a hindrance in many ways. That’s why we decided to build our own end-to-end telecom technology stack,” he said, adding that the technology stack has been A test with 10 million simultaneous calls was conducted in December last year.
The minister also revealed that India’s high-speed train project is expected to be completed by August 2026. “The hyperloop technology is at least 7-8 years away,” he said.
Hyperloop is a concept proposed by billionaire Elon Musk, which uses magnetic force to suspend pods in vacuum tubes. Under these conditions, pods can transport people and goods at speeds of 1,000 kilometers per hour.