India's Semiconductor Hub May Eventually Become Bengaluru-Mysuru Kant, Amitabh

OVERVIEW According to Kant, the geographic belt is the most practical location for semiconductor manufacturing facilities because it provides a consistent supply of materials and electricity. He continued by saying that the current union government's main priority for the next five years will be to train young people in cutting-edge technological fields. According to Inc42, by 2030, the rapidly expanding Indian semiconductor market is expected to surpass $150 billion.The Bengaluru-Mysuru belt of Karnataka, according to former CEO of NITI Aayog and G20 Sherpa Amitabh Kant, provides the "best" ecosystem in India for semiconductor design and manufacture.Speaking on Thursday, June 6, at the India Global Innovation Connect event in Bengaluru, Kant stated that the region is the most practical place to build semiconductor fabrication facilities because it has a consistent supply of minerals and electricity."In India, the Bengaluru-Mysore belt of Karnataka has the best ecology (for semiconductor production) of any place. This requires minerals, water, and a consistent supply of energy, all of which are present in the area.

Therefore, the belt might be the ideal location to advance both production and become the global hub for design, Kant continued. The former CEO of NITI Aayog stated that Bengaluru and Hyderabad already accounted for around 30–35% of India's current semiconductor design, and that the region could potentially design semiconductors for businesses worldwide.In response to a query concerning the planned location of the nation's first tech park centered around quantum computing, Kant stated that Karnataka was "no better place" to create a center for the cutting edge technology. According to Kant, the present union government's main priority for the ensuing five years will be equipping young people with skills in cutting-edge technology."This current government's primary focus for the next five years will be fully on apprenticeship and skill development. It won't just focus on the information technology industry; it will also address the creation of new jobs in developing fields, Kant continued.Additionally, he stated that more upskilling startups were required to assist in educating aspiring engineers in fields with great demand and developing technology. "More engineers are needed to help create the next generation of Indian enterprises. We need at least two million engineers with expertise in cutting-edge fields like data analytics and artificial intelligence for that. In order to close the supply gap, engineering colleges' curricula must be reorganized, realigned, and reoriented toward contemporary demands. Kant continued, "And this needs to be done rapidly.With initiatives like the INR 6,000 Cr India's Quantum Computing Mission and the INR 76,000 Cr Production-Linked-Incentive (PLI) scheme for semiconductor manufacturing, the Center hopes to capitalize on emerging technologies to drive the nation's product economy, advance the next stage of innovation, and support the startup ecosystem. The Tata Group recently announced the establishment of a semiconductor ATMP (a mix of assembly, testing, marking, and packaging) unit in Assam, at an estimated cost of INR 27K Cr, in response to these scandals.