Soumya_india
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Close on the heels of the Ministry of Information Technology announcing draft policy of electronics and information technology to encourage foreign firms to set up their units here, several American companies have shown keen interest to invest in India in semiconductor fabrication facilities.
Opportunities in India in the electronics system design and manufacturing (ESDM) sector is huge the ESDM industry in India is poised to ride the rising domestic demand for electronic products, Minister of State for Communications and Information Technology Sachin Pilot said.
Pilot, who was in America to visit several semiconductor fabrication plants, said that American firms were aware of the potential of the Indian ESDM sector and soon some of them may set up their units in India.
The recently announced draft policy for electronics and information technology sectors projects that the demand for electronics in India would grow from the current $50 billion to $400 billion by 2020.
Pilot said the Centre developed a roadmap to leverage Indias competencies in software development.
The projected demand of electronic equipment is expected to generate demand of $80-100 billion for the semiconductors alone by 2020. One of the key initiatives being taken is to set up semiconductor fabrication facilities in the country, he said.
US to invest in Indias electronic sector
Opportunities in India in the electronics system design and manufacturing (ESDM) sector is huge the ESDM industry in India is poised to ride the rising domestic demand for electronic products, Minister of State for Communications and Information Technology Sachin Pilot said.
Pilot, who was in America to visit several semiconductor fabrication plants, said that American firms were aware of the potential of the Indian ESDM sector and soon some of them may set up their units in India.
The recently announced draft policy for electronics and information technology sectors projects that the demand for electronics in India would grow from the current $50 billion to $400 billion by 2020.
Pilot said the Centre developed a roadmap to leverage Indias competencies in software development.
The projected demand of electronic equipment is expected to generate demand of $80-100 billion for the semiconductors alone by 2020. One of the key initiatives being taken is to set up semiconductor fabrication facilities in the country, he said.
US to invest in Indias electronic sector
