The Semiconductor industry welcomed the announcement of the Semiconductor Policy in India. The policy has a special incentive package to attract investments for setting up semiconductor fabrication and other micro and nano technology manufacturing industries.
Poornima Shenoy, president, India Semiconductor Association (ISA), said, "This is extremely positive. The policy will provide an impetus for the further growth of the sector, the electronics industry and the overall ecosystem. The domestic market for electronics goods is expected to reach $363 billion by 2015 and the domestic demand for semiconductors alone will be $36B. This policy will go a long way in making India as an attractive destination for global semiconductor and hi-tech companies plus investors. We have a burgeoning market demand in the communication industry, automotives, security cards, defense, etc and this will help in meeting the needs of the market. This is a good beginning to the New Year and ISA would like to applaud the contribution of all the concerned authorities in coming out with the Semiconductor Policy."
Rajendra Kumar Khare Chairman ISA, stated, "Cultivation of a robust and scalable semiconductor industry is the key to making the Great Electron Revolution happen within the country. Semiconductors form the heart of hardware and soul of software in any electronic system. It is clear that electronics manufacturing can succeed and be globally competitive only if there is an accompanying semiconductor manufacturing eco-system and vice versa. ISA has been working with the various departments in Government to make this policy happen and we are delighted to see our efforts bear fruit."
India Semiconductor Association
