India, March 19 -- India currently hosts about 7% of the world's Global Capability Centres (GCCs) of semiconductor domain. It also employs nearly 20% of the global semiconductor chip design workforce today.

The semiconductor development strategy is inspired by PM's vision of Atmanirbhar Bharat and Make in India, Make for the world. As part of this strategy, India aims to develop a complete ecosystem, ranging from R&D, design, fabrication, assembly, testing, packaging and module manufacturing and talent development.

The Government recognises that R&D is critical for building a strong semiconductor ecosystem. As a foundational industry, advancements in semiconductor R&D drive innovation, cost efficiency and global competitiveness. It also...