Communications and Information Technology Minister Ashwini Vaishnaw said the government has already begun working on changes to semiconductor policy, Semicon 2.0, which is expect to be rolled out within the next three to four months.
The minister was speaking at a virtual press conference on India Energy Dashboards: NITI Aayog had set up an Expert Task Force under the co-chairs of Anil Khaitan, Sunjay Sudhir, and Dr. Saral Mukherjee to manage this initiative yesterday.
The first stage of the semiconductor project is now complete; we are at this phase. Making Semicon 2.0 from Semicon 1.0, Vaishnaw said we will need 3-4 months to place it.
He was addressing the SEMICON 2024 conference on Delhi’s outskirts. He said the pandemic underscored the significance of the supply chain. Hence, action is imperative to prevent disruption.
“Supply chain resilience is crucial,” he stated. India is striving to replicate it in disparate sectors of the economy.
During COVID-19, the supply of production in China was heavily impacted. Leading to supply shocks across industries. Countries had placed strict lockdowns and travel restrictions, including chips going into every electronic device.
Prime Minister Marketed India’s Reforms & Policy Continuity. Focused Market that has got a taste of Technology to Champion for Semiconductor Manufacturing.
FAQs:
1. What is Semicon 2.0?
Semicon 2.0 is slate as an update version of India’s semiconductor policy. Will benefit chip manufacturing in the country by augmenting its domestic supply chain and essentially making it more resilient.
2. Semicon: 2.0What is its rollout date??
The government said Semicon 2.0 will launch in three to four months.
3. Why is Semicon 2.0 important?
Semicon 2.0 is design to help shore up the vulnerabilities expose by COVID-19. Build greater resilience around supply chains for critical semiconductor components.
4. To make India self-sufficient in designing semiconductors!
The new policy aims to bolster domestic semiconductor manufacturing, secure supply chain stability, and reduce dependency on foreign sources.
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