How can India emerge as a global hub in semiconductor manufacturing according to PM Modi
Understanding the strategies and initiatives required for India to become a key player in semiconductor manufacturing globally.
1. **Incentivizing Investments**: The Indian government needs to provide attractive incentives for semiconductor companies to establish manufacturing plants in India.
2. **Skill Development Programs**: Developing a skilled workforce through specialized training programs in semiconductor technology is crucial.
3. **Infrastructure Development**: Investing in infrastructure like dedicated semiconductor manufacturing zones, power supply, and transportation facilities is essential.
4. **Research and Development**: Encouraging R&D in semiconductor technology to drive innovation and competitiveness.
5. **Collaborations with Industry Leaders**: Forming partnerships with global semiconductor companies to bring in expertise and technology transfer.
6. **Policy Support**: Implementing favorable policies around taxation, regulations, and intellectual property rights to attract investments and foster growth in the industry.
Answered
a year ago