Semiconductor Industry and Apprenticeships in India

India is currently experiencing a semiconductor boom, with the government investing heavily in the sector in an effort to boost domestic production.

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The Indian semiconductor market is expected to reach USD 55 Billion by 2026, growing at a CAGR of 20% during the period 2022-2026. This has led to a growing demand for skilled semiconductor workers, and apprenticeships are seen as a way to help meet this demand.

Apprenticeships offer a number of benefits for both employers and apprentices. For employers, apprenticeships provide a way to train new workers on the job, while also getting them to work on real projects. This can be a valuable way to build up a skilled workforce, especially in a sector like semiconductors where there is a shortage of talent. During an interaction with Vidushi, Sumit Kumar, Chief Business Officer, TeamLease Degree Apprenticeship discussed the ways to build up a valuable skilled workforce and the skills required by them.

How is the Indian semiconductor market expected to grow by 2026, and what role is the government playing in this growth?