ENA Sectors 2024-04-29 13:13:29 <p><span style="font-size:14px"><strong>New Delhi, Apr 29 (KNN)</strong> The India Cellular and Electronics Association (ICEA) has urged the government to prioritise domestic capabilities in semiconductor design and manufacturing, treating it as a strategic sector.</span></p> <p><span style="font-size:14px">The association has outlined a multi-pronged approach to redefine India's role in the global chip supply chain, which is facing ongoing shortages and geopolitical tensions, reported The Telegraph.</span></p> <p><span style="font-size:14px">According to ICEA, a dedicated capital market system for the electronics and high-tech industry will make low-cost funds available to the semiconductor sector.</span></p> <p><span style="font-size:14px">The body has advocated for government investment in existing fabrication plants (fabs) to bolster domestic production capacity.</span></p> <p><span style="font-size:14px">It has also emphasised the need for mechanisms to support burgeoning semiconductor design firms and foster a skilled semiconductor workforce as essential steps towards building a self-reliant semiconductor ecosystem.</span></p> <p><span style="font-size:14px">ICEA's report highlights the importance of a comprehensive design ecosystem. The association encourages major Indian companies and Original Equipment Manufacturers (OEMs) to participate in semiconductor design and core intellectual property (IP) creation.</span></p> <p><span style="font-size:14px">To incentivise domestic production, ICEA proposes including mask sets, crucial for chip design, in the government's existing Design-Linked Incentive (DLI) scheme.</span></p> <p><span style="font-size:14px">They also advocate strengthening domestic intellectual property by subsidising the cost of mask sets for Indian design firms by up to 80 percent.</span></p> <p><span style="font-size:14px">ICEA chairman Pankaj Mohindroo stated, India stands at a pivotal juncture to redefine its role in the global semiconductor value chain as we navigate a transformative era in electronics manufacturing. </span></p> <p><span style="font-size:14px">The association's call for government support aligns with India's broader push for self-reliance in critical sectors, aiming to build a robust semiconductor ecosystem within the country.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37589 https://knnindia.co.in/news/newsdetails/sectors/icea-calls-for-govt-support-to-boost-semiconductor-industry 2024-04-29 13:13:29 knnindia.co.in