With $10 billion Investment, India can Tap $2 trillion Global Chip Market

An investment of about $10 billion can help Indian industry tap into a $2 trillion global opportunity in the semiconductor market, IIT Delhi professor V Ramgopal Rao said on Monday.

There is a need to bridge the gap between the academia and industry as multiple startups are coming up in the nanotechnology sector, Rao, the immediate past director at IIT Delhi, said. He was speaking at a session on ‘Fuelling Manufacturing on the Nanoscale in India by Developing Semiconductor Ecosystem’ at the Bengaluru India Nano Summit 2022. More centres of excellence need to come up and a patenting culture should be encouraged to build on the strengths of the fledgling nanotechnology ecosystem, he said. The Maruti Suzuki model, Rao said, had transformed the semiconductor space in meeting the demand forsemiconductors, with a few critical changes taking place due to a collaboration between Maruti Suzuki and Suzuki Motor. India ranks fifth in nano-electronic research in the world and there are seven institutions that are working to boost R&D in the nano space, he said.