Chipsets for multiple applications including CCTVs being developed in India: Ashwini Vaishnaw

Economic Times
Economic Times
2M ago
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India is advancing in the development of chipsets for various applications, including CCTVs, to enhance self-reliance in semiconductors. This initiative is crucial for boosting the electronics manufacturing sector and reducing import dependency.
Chipsets for multiple applications including CCTVs being developed in India: Ashwini Vaishnaw
A What happened
India is on a transformative path in semiconductor development, focusing on advanced chipsets for various applications, including CCTVs. Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced a substantial investment of over Rs 200 crore to create energy-efficient microprocessors aimed at high-performance computing. This initiative is part of the India Semiconductor Mission (ISM), which has already allocated Rs 76,000 crore, with significant commitments made. The government aims to achieve complete domestic production of mobile phone components within two years, significantly boosting the electronics manufacturing sector. The production of mobile devices has surged, with 98% of phones used in India now manufactured domestically. This strategic move not only enhances India's self-reliance but also positions the country as a competitive player in the global semiconductor market.

Key insights

  • 1

    Investment in Microprocessors: India is investing over Rs 200 crore in energy-efficient microprocessors.

  • 2

    Self-Reliance in Semiconductors: The initiative aims for complete domestic production of mobile components within two years.

  • 3

    Growth in Electronics Manufacturing: India's electronics production has increased from Rs 2.4 lakh crore in 2014 to Rs 9.8 lakh crore in 2024.

Takeaways

India's commitment to developing advanced chipsets and enhancing its semiconductor capabilities is a significant step towards self-reliance and economic growth, positioning the nation as a key player in the global electronics market.

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