Saturday, September 14, 2013

Feast for Electronics engineers in India

Its been a old trend in India for Electronics engineers to join the software industry for getting into the job market. The primary reason behind the story is absence of any semi-coductor industry in India.

China has been the world factory for semi-conductor and chip industry and India has been a consumer and market for this trillion $$ industry worldwide.

"Jaiprakash Associates has tied up with IBM and Israel's Tower Jazz, while Hindustan Semiconductor Manufacturing Corporation (HSMC) has tied up with ST Microelectronics and Malaysia's Siltera to set up two chip-making facilities, the government said on Friday".

Also Home-grown electronics brand Videocon and Reliance Industries are ready to set up chip manufacturing plants.
In proposals sent to the Government for setting up semiconductor fabrication plants, the two companies have offered to invest some Rs 25,000 crore on the condition that the Government provides incentives. 

A total of 76000 crore rupees would be invested to setup the plant which would generate a minimum of 20000 jobs in semi-conductor and chip making business.

Semiconductor fabrication is essential to promote local manufacture of electronic items. From smartphones to television to cars, every thing electronic has an in-built chipset that controls its operation. Globally, chipset market is dominated by Intel, Qualcomm, AMD and Texas Instruments. According to the Department of Electronics and Information Technology, the demand for electronics hardware in the country is projected to increase from $45 billion in 2009 to $400 billion by 2020. 

Read the full press coverage for more details of the bussiness 

The news is ought to be celebrated across the country, and the band waggon is surely going to welcome freshers.

Update: Sources say once operation 60-70% workforce would comprise of freshers.


Anonymous said...

This news is going to provide lot of positivity in the Indian manufacturing sector. The electronics consumer durable market which was largely surviving on imports and struggling due to depriciating value of rupee would cherish the most. No doubt that the job market along with the home grown talent would also be happy. Definetely a huge achievement by the current congress led UPA government.

Anonymous said...

I disagree to the fact that this news should be celebrated as an achievement of the current govt. This initiative is purely taken by private enterprises because the segment is totally untouched till date and there is huge demand in the domestic market. The players who are roping in their investment today will have absolute control of the market and it would just add in their book value. If the UPA govt woulf have been a visionary this news would have come 10 years earlier.

Anonymous said...

If Narendra Modi would have been the PM of India 10 years earlier, China would have lost the battle to India in the manufacturing sector. Unlike the development of Gujrat entire could have posted double digit growth year after year. Just wait and watch all the private players are waiting for 2014 elections before they will put in their big bucks along with the shining India story. Time has come just hold on your breath for the 2014 celebration.

Avinash said...

Who has made it possible should not be a question. Today the relevent question is when? India needs this investment urgently and there is whole lot of qualified population eager to serve in the sector. Indian technocrats are fed into other industries and sector, a clear case of brain drain. For me this is a big peice of news which will the hungry electronics engineers in the country.