Worldwide semiconductor revenue is forecast to total $411.1 billion in 2017, an increase of 19.7 per cent from 2016, according to Gartner. This represents the strongest growth since the 2010 recovery from the financial crisis when revenue increased by 31.8 per cent. This opens up a big opportunity for India, Ashwini Aggarwal, chairman, India Electronics and Semiconductor Association (IESA) told Telangana Today.
He said, “We believe, the steps outlined by the Central government and commitment from the industry will put India on the journey of becoming the “Design-led Electronics Manufacturing hub” by attracting investments, promoting entrepreneurship and creation of millions of jobs in the coming years.
Stating that the Government of India is quite upbeat in strengthening the Indian talent pool in the semiconductor and electronics space, he added, in this year’s budget, the Centre has announced to set up one model aspirational skill centre in every district of the country under Pradhan Mantri Kaushal Kendra Programme. And 306 Pradhan Mantri Kaushal Kendra have already been established for imparting skill training through such centres. These measures have started showing results. An independent study conducted recently has shown that 70 lakh formal jobs will be created this year.
The fresh talent will have to be trained as per the latest industry developments including being at par with emerging technologies such as artificial intelligence (AUI), machine learning (ML) etc. The government has doubled the budget on Digital India programme for research, training and skilling in robotics, artificial intelligence, digital manufacturing, big data analysis, quantum communication and internet of things. Department of Science & Technology will launch a Mission on Cyber Physical Systems to support establishment of centres of excellence.
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