“As we stand at the cusp of transformative growth in India’s semiconductor sector, this year’s Union Budget holds the potential to be a defining moment in realizing our aspirations. The ongoing PLI schemes have laid the foundation for a robust manufacturing ecosystem, however, as India reaches a pivotal stage in its journey toward becoming a global manufacturing hub, we need to further enhance these initiatives towards an end-to-end supply chain ecosystem. The focus must now shift to strengthening these policies and placing greater emphasis on promoting ‘Design led manufacturing’ schemes to enhance the operations within our borders. Building India’s design capabilities will be crucial for nurturing the skills needed to drive innovation, create intellectual property, and establish a vibrant semiconductor ecosystem.
At Analog Devices, we share a similar vision of ‘Design in India, for India.’ This approach is about more than just technology, it is about creating a sustainable, robust ecosystem that empowers India to lead and own the semiconductor space. I firmly believe this year’s budget will enable India to transition from being merely a consumer of semiconductors and an assembler of products to becoming a global leader in the design and manufacturing of high-end components. This shift will not only advance our technological capabilities but will also unlock immense economic potential, positioning India firmly on the global semiconductor map and propelling us towards the vision of a ‘Viksit Bharat.”
