India Aims to be a Key Player in $1.5 Trillion Global Semiconductor Market: Rajeev Chandrasekhar

SemiconductorIndia is looking to become a preferred destination for electronics and semiconductors manufacturing following the Covid-19 outbreak, originated from China, and aims to become a prominent player in the $1.5 trillion semiconductor market worldwide, Minister of State for Electronics and IT (MeitY) Rajeev Chandrasekhar Thursday said.

“Our electronics and semiconductors plans for the country are underway as per Prime Minister Narendra Modi’s vision to make India a hub for the $1.5 trillion global markets,” Chandrasekhar said on the sidelines of India Internet Governance Forum (IIGF) curtain raiser event organized by MeitY and the National Internet Exchange of India.

The lawmaker said that the department would enable companies to become champions in semiconductor and electronics systems designs so that they can compete globally, and a design competency could be developed.
“We are also aiming to become a $1 trillion digital economy that will create new jobs, entrepreneurs and attract investments,” Chandrasekhar said, adding that after the Covid-19 pandemic, the world’s behavior had changed and countries were looking for a trusted partner in electronics and digital solutions while India could be that partner.

Semiconductor conference, being organized in November this year, according to him, could be used as a launching pad for electronics and semiconductor companies.

The Data Protection Authority, once formed, he said, would bring in an action plan on pre-installed apps which, according to analysts, has become a matter of concern for data privacy.

Meanwhile, MeitY is considering a regulation that may mandate teardown or in-depth testing of handsets to ensure that the devices and pre-installed apps are not snooping on the citizens of the country.

However, the Personal Data Protection Bill is expected to be put up during the winter session.

“We want the Internet to be open and not controlled by a big tech as well as safe and trusted for all users while intermediaries should be accountable,” the lawmaker said.
Chandrashekhar said that Internet services should be available to a large number of people to use public services and commercial services, and should not be restrictive with English language alone, and want the Internet to be inclusive.

MeitY is also working on a roadmap to promote Hindi language domains and email in government departments, agencies and public sector firms.

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