India’s Semiconductor Revolution: ₹2859 Crore R&D Push, World-Class Talent Driving Growth
- ₹2859 crore invested in semiconductor R&D over the last decade.
- India accounts for 19% of the global semiconductor design engineering workforce.
- 7% of global chip design facilities are located in India.
- ₹76,000 crore allocated under the Modified Programme for Semiconductors and Display Fab Ecosystem.
- ₹1000 crore reserved for the Design Linked Incentive Scheme to boost fabless chip design.
- Skill development initiatives like SMDP-C2SD, INUP, and C2S fueling workforce growth.
India’s Global Semiconductor Leadership
Massive Investments in R&D
To foster innovation, the Government of India has implemented a dedicated R&D scheme through the Ministry of Electronics and Information Technology (MeitY). With an annual budget allocation for electronics and semiconductor R&D since 2014, the country has supported research in areas such as:
- Nanotechnology
- Semiconductor materials and processes
- Chip design
- Semiconductor IP cores
In 2021, the government approved the Modified Programme for Semiconductors and Display Fab Ecosystem with an outlay of ₹76,000 crore. Notably, 2.5% of this budget is allocated to R&D, skill development, and training, while ₹1000 crore has been earmarked under the Design Linked Incentive Scheme to bolster fabless chip design and semiconductor R&D activities.
Nurturing Talent for the Semiconductor Ecosystem
India’s success in the semiconductor space is deeply rooted in its ability to nurture world-class talent. MeitY has launched several skill development and capacity-building programs, including:
- SMDP-C2SD (Special Manpower Development Programme for Chips to System Design) (2014–2021)
- Indian Nanoelectronics User Programme (INUP) (2014–2019)
- INUP Idea to Innovation (launched in 2021)
- Chips to Start-up (C2S) Programme (launched in 2022)
These initiatives aim to bridge workforce gaps and equip engineers with the necessary skills to thrive in a competitive global semiconductor market.
Year-wise budget spent by MeitY since the year 2014 in the area of R&D in Electronics including Semiconductor R&D
|
Year
|
Funds spent on semiconductor R&D (₹ in Crore)
|
|---|---|
|
2014-15
|
183.52
|
|
2015-16
|
114.41
|
|
2016-17
|
116.00
|
|
2017-18
|
100.93
|
|
2018-19
|
178.91
|
|
2019-20
|
427.71
|
|
2020-21
|
420.91
|
|
2021-22
|
502.04
|
|
2022-23
|
349.18
|
|
2023-24
|
251.00
|
Year-wise budget spent by MeitY since the year 2014 for capacity building and skill development in the area of Semiconductors.
|
Year
|
Funds spent on capacity building and skill development in semiconductor area(₹ in Crore)
|
|---|---|
|
2014-15
|
37.62
|
|
2015-16
|
15.79
|
|
2016-17
|
28.80
|
|
2017-18
|
40.69
|
|
2018-19
|
13.51
|
|
2019-20
|
24.16
|
|
2022-23
|
38.90
|
|
2023-24
|
28.95
|
|
2024-25
|
69.84 (till date)
|
Driving Towards Self-Reliance
The Indian wedding industry, now a ₹6 lakh crore powerhouse, shows no signs of slowing down. Whether it’s a cozy ₹15-lakh affair or a lavish ₹1-crore celebration, one thing is clear: Indian weddings are more than just an event—they are a statement of love, tradition, and ambition.
With 2024 shaping up to be a year of record-breaking celebrations, the industry is set to redefine luxury and extravagance in weddings, creating memories that last a lifetime while fueling economic growth across the nation.
Share this post
Rajat N
Web Designer and Digital Marketing Manager with 3+ years of experience at Vibrant Marketer. Skilled in crafting visually appealing and user-friendly websites. Also proficient in content writing and graphic design to enhance brand visibility.