India Scaling Up Semicon Push for Global Leadership: Meity Secy

Krishnan Highlights Efforts to Improve Design-Linked Incentive Scheme for the Sector

- PEERZADA ABRAR

The government is committed to supporting the semiconductor sector with ongoing investments and backing in the years ahead. The goal is to position India as a "power to reckon with" in the semiconductor industry, said S Krishnan, secretary of the Ministry of Electronics & Information Technology (MeitY). He was speaking at the Nano Electronics Roadshow and Conference at the Indian Institute of Science (IISc), Bengaluru.

Krishnan highlighted ongoing efforts to improve the design-linked incentive scheme in the semiconductor sector. He emphasized the intention to expand the scheme beyond startups and MSMEs (micro, small and medium enterprises) to include larger companies, thereby encouraging more investment and furthering progress. He also spoke about the importance of ensuring that intellectual property (IP) remains in India.