SEMICONDUCTOR SECTOR TO CREATE 1 MILLION JOBS IN INDIA BY 2026: REPORT

India aims to become a global semiconductor hub, creating 1 million jobs by 2026 in fabrication, design, and supply chain management. A report by NLB Services highlights the country's focus on developing a skilled workforce to support this growth.

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As India endeavours to solidify its position as a semiconductor manufacturing hub, the industry is poised to generate a demand for 1 million jobs spanning across varied sectors by 2026. This demand is expected to be seen in various categories, including an estimated 300,000 jobs in chip semiconductor fabrication, around 200,000 positions in ATMP (Assembly, Testing, Marking, and Packaging), and additional roles in chip design, software development, system circuits, and manufacturing supply chain management.

The need for a skilled workforce spans roles like engineers, operators, technicians, and specialists in quality control, procurement, and materials engineering, emphasising India's strategy to build a robust semiconductor talent pipeline by 2026.

India's semiconductor market size was valued at US$29.84 billion in FY2023, and it is anticipated to reach US$79.20 billion by FY2031, with a compound annual growth rate (CAGR) of 13.55 per cent throughout the forecast period from FY2024 to FY2031. To strengthen the India Semiconductor Mission (ISM), the Budget allocated Rs 1,500 crore for electronic chip manufacturing plants, Rs 100 crore for electronic display production, and Rs 900 crore for upgrading the semiconductor laboratory in Mohali.