Indias Role In Worlds Semiconductor Industry

Indias Semiconductor Economy  – semiconductors better known as chips. It’s the new oil. Chips run your life, they power all your gadgets and as the world becomes more digital chips have become Central to our existence which means they’re also Central to our economies.

Chips have become a strategic resource. Countries want to secure supplies and boost production. Governments are investing billions and trying to win what’s become the global chip race of course India doesn’t want to be left behind.

Indias Semiconductor Economy: Privates Firms Join Investment

Today we’ll discuss,  what New Delhi is doing to get more chips. It has made a big announcement. India has approved three projects total cost some $15 billion. The idea is to boost chip production.

The first project is a semiconductor fabrication plant. It will be India’s first set up by TATA Group and Taiwan’s power chip based in the western state of Gujarat in the DOA region. Estimated cost some 91,000 CR rupees that’s $10 billion.

Once ready it’s expected to produce 3 billion chips every year. 3 billion now these won’t be AI chips. They’ll be more basic, but they should be able to power a lot of things like high power computers, electric vehicles, and electronics. The project should kick off in the next 100 days that’s number one.

The second one is a chip Assembly Plant worth $3.2 billion again to be set up by the TATA Group but this one will be in the state of Assam. It will be India’s third semiconductor unit. Once ready it should be able to produce up to 48 million chips every day. This plant will mainly focus to export meets.

The third is a chip packaging facility. It will be set up by CG power in partnership with Japan’s Renaissance Electronics and Thailand Stars micro Electronics. The plant will be located in Gujarat sanand.

Government To Boost Funds For Indian Semiconductor

It will make specialised chips to be used for sectors like defence and space. The government is investing around $916 million for this so three big projects. Billion dollar Investments and international partners.

Connect the dots and you’ll see the big picture India wants to boost its semiconductor Market. It wants to become a big Global player like Taiwan and China. These are not the First Investments That India has made last year New Delhi announced a $2.75 billion Micron facility this was during prime minister Modi’s visit to the US.

It is currently under construction. The plant is supposed to be ready by the end of this year. Meanwhile Taiwan’s Fox Conn is planning a chip making facility. America’s AMD or Advanced Micro Devices is also investing some $400 million in India. It is setting up its largest global Design Center in India.

Indias Semiconductor Economy: Semiconductor Road Ahead For India

So India has a lot of things going for it but will that be enough. The semiconductor Market is highly concentrated. It has few players and fewer stakeholders more and more countries now want a slice of this pie. They want to boost their domestic Industries and to protect themselves from impending chip Wars.

It’s a tough ask building a chip industry involves two things billions of dollars in Investments. Specialised labour that’s what you need a lot of money and specialised labour.

While India is making Investments and attracting new players and nurturing Talent. It’s a long road ahead setting up a robust chip industry is a long-term process. It could take decades take the semiconductor fabrication plant.

For example the one, the first project that we talked about work will start in the next few months but it will take at least 5 years for the first chip to be produced.

Here secondly India is focusing on chips, But not AI chips but that that is the future if you want to lead this game you need to Ace artificial intelligence chips. While these projects are very important . India will have to sustain the momentum to become a credible player in this game.

Historic India-EFTA Trade Deal

India EFTA trade deal. In a significant boost to India’s global trade credentials New Delhi has signed a deal with a European free trade Association. That’s a Four Nation Block comprising Iceland, Liechtenstein, Norway and Switzerland. Which will soon open an office in India.

The free trade deal is a culmination of over 15 years of negotiations between India and the ETFA. Prime Minister Naranda Modi has called the deal a Watershed moment in the bilateral ties between India and the four nations. He said, one of the most pioneering free trade agreements ever concluded between our countries.

It emphasizes our steadfast commitment to Shared Prosperity.  Union Minister Peush Goyal echoed Prime Minister Narendra Modi’s stun.  Claimed that the Free Trade Agreement will generate more employee. Aid their growth Trade Agreement symbolizes our shared commitment to open Fair Equitable trade as well as generating growth.

Impact Of Trade Deal On Indian Economy

Employment for the Youth the deal is expected to bring Investments worth over hundred billion US dollar in the next 15 years. The trade deal comes at a time when the world is trying to diversify its supply chain and reduce its dependence on China.

The free trade deal with the four Nation block is a part of India’s efforts to replace China as a supply chain hub. The 100 Billion US dollar investment expected out of this deal could boost employment opportunities for Indians.

The deal is also expected to help India’s Services sector. which contributes over 50% to the gross domestic product. There are a number of other sectors too that could benefit from the deal.

India could see Investments flow into the Pharma, Chemical sectors, Food processing and Engineering sectors. The four Nation block is also looking at joint ventures in these sectors. The free trade deal will help diversify Imports away from China.

Which runs a massive trade surplus with India ultimately. It is likely to play a big role in India’s quest to become the third largest economy by 2027.

Details Of The India EFTA Trade Deal

India and the EFTA countries have signed a trade pack. The trade and economic partnership agreement now. The EFTA countries are the four countries Iceland, Liechtenstein, Norway and Switzerland.

This is the first such pack between India and Western countries since 2014. Now one of the key announcements under the pack includes investment worth $100 billion from these four countries to India over a period period of 15 years here is the details of the agreement.

The investment commitments will be fulfilled by private entities and also Sovereign wealth funds as well. The second of course the focus remains on the sectors that will benefit. Which includes sectors like Pharma and Machinery, Agriculture sector is kept out from this pack but all in all we know that India is trying to get more and more trade agreements done.

India already has agreements with Mauritius, UAE , Australia which have been recently concluded and talks are underway for free trade pact with EU bloc. The UK is also part of increased efforts to diversify supply chain agreements with New Delhi well.

The Norwegian Minister for trade and Industry Yan Christian Vesta and Liechtenstein Minister of Foreign Affairs education and Sport Dominic Hustler spoke that ‘This is the day for the history books’.  It’s really a breakthrough.

It will create more trade, more Investments, more jobs,  very beneficial for both India and for the EU countries including Norway.  So I’m very happy today and extremely optimistic about the future.

The key Focus has been the investment announcement $100 billion in 15 years. These are commitments. We are committed to promote business opportunities to mobilise private Investments by creating the ecosystem.

Prosperity And Mutual Growth

The predictable framework conditions needed and of course also the foundation so that companies really can invest and grow. And create the new jobs and I think the trade agreement is really a breakthrough because now we will reduce and eliminate almost all the tariffs.

We will set up an office together. Really joint effort to promote the business opportunities to get rid of the obstacles. The challenges to deal with them as they come along.  It’s really a milestone for us.

It’s a historical moment Liechtenstein is highly industrialised. So for our economy it is really really an important step. It was on their main priorities having a free trade agreement with India so the opportunities are huge as mentioned. Highly industrialised but also our economies are really specialised in Advanced Technologies.

The three of our biggest companies are already located in India so we are really looking forward to strengthen our cooperation. let me perhaps give three really direct examples our biggest company Hilti is a construction company.

Liechtenstein is already quite visible here in India for example at the Atal tunnel, the Mumai Metro.  but also at the daily International Airport Lin products have been used for the construction work. It’s about partnership. It’s about trust and it’s about Innovative shaping of the future for all.

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Evoking Grandeur and Power

Kingdom names ideas often evoke a sense of grandeur, power, and strength, such as the Literra Empire, Kingdom of Kithage, and Duridrar Kingdom. These names are not just about sounding impressive; they also reflect the essence of the kingdom’s culture, history, or the qualities of its ruler. The names are carefully chosen to instill a sense of awe and respect, making them memorable and impactful.

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