Presently, the country lacks skilled manpower in the fields of advanced technologies, such as semiconductors.
Infineon Technologies India and National Skill Development Corporation (NSDC) have signed a Memorandum of Understanding (MoU) for skill development in the Indian semiconductor sector.
The MoU involves the upskilling of workers, including the provision of material and expert trainers.
Through this MoU, both parties will lend support to the ‘Make in India’ programme, unveiled by Prime Minister Modi, to make India a manufacturing hub.
An estimated US$ 50bn worth of electronics and US$ 10bn of semiconductors are imported to India each year due to the absence of a local manufacturing ecosystem. Studies indicate that by 2020, the amount of electronics imports may climb to US$ 400bn and the amount of semiconductors may climb to US$ 50bn, respectively. Thus, the establishment of a local manufacturing ecosystem for semiconductors and electronics is seen as critical for India’s economic health.
The semiconductor market in India is projected to grow by more than 20 per cent annually in the years to come.
At present, there is a vacuum in the skilled manpower area in India, in the fields of advanced technologies, such as semiconductors.
The purpose of this agreement was to improve academic and scholarly interactions.
It will focus on skilling local youth for future employability and income generation. Specific modalities will be worked out for each of the above initiatives, giving details of scope, roles and responsibilities, and monitoring mechanisms for implementation. Semiconductor manufacturing is skill intensive, and therefore, the Indian government is keen to imbibe it in the curriculum and set up training facilities to develop skilled workforce for this area.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener.