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New Delhi [India]June 13 (ANI): From Indian Stack to digital payments to fintech, from space tech to consumer electronics, from IT to software enablement, from building the metaverse to transformative use of artificial intelligence, India’s success in all The field is very obvious, in the technology circle.
Today, India has entered the digital arena. With a strong and young workforce, innovative ideas, cost-effective and reliable and efficient government policies, India is poised to leapfrog in its quest to become a tech giant.
Semiconductors, often referred to as the brains of modern electronics, are integral and critical components of most forms of modern technology across many industries.
At this stage of the fourth industrial revolution, India is promoting the development of the semiconductor industry with the main goal of becoming self-reliant. The goal is to reduce dependence on imports and build domestic manufacturing capacity.
Read also | The first Indian-American summit will be held on Capitol Hill to highlight community issues.
The Indian government has announced the relaunch of a $10 billion incentive program to encourage semiconductor manufacturers to set up manufacturing bases in India.
Union Minister Rajeev Chandrasekhar recently said that PM Modi has allocated Rs 76,000 for making India a semiconductor nation. Over the past year, India has seen a boost in this area. He also added that he has urged young people to participate in the prime minister’s vision of making India a semiconductor nation.
According to a report by Invest India, TATA Group, one of India’s largest conglomerates, has announced an investment of US$90 billion to enter the semiconductor market after becoming a major competitor in industries such as aerospace, automotive and defense.
As demand for electric vehicles rises, demand for semiconductors will also boom. A key player in the electric vehicle industry, TATA is venturing into semiconductor manufacturing.
The Indian semiconductor market is expected to reach $110 billion by 2030. India’s Vedanta and Taiwanese manufacturer Foxconn have invested $19.5 billion to build semiconductor and display production plants in Gujarat.
“India is going to be a big exporter of telecom equipment. A very competitive talent pool, about 50 to 1,000 semiconductor engineers working in the country. We are very serious in India, whether we build new factories, new fabs All will run on green energy,” said Unions Minister Ashwini Vaishnaw.
While semiconductors get a lot of attention and almost every major country plays an important role in this field, India is equally focused on other major scientific disciplines which are also less explored but will be of enormous importance in the future.
Prime Minister Modi laid the foundation stone for LIGO India, an India-US large-scale astronomy science project involving construction, commissioning and joint state-of-the-art science operations.
LIGO India will provide a platform for researchers and students in the field. The collaboration has already given dozens of Indian students the opportunity to work with LIGO at Caltech under the SURF Program of Summer Undergraduate Research Fellowships.
”Einstein, the greatest scientist of the last century, proposed the theory of gravitational waves. The fact that 37 Indian scientists from nine Indian institutions participated in the International Laser Interferometer Gravitational-Wave Observatory (LIGO) collaboration and proved this theory three years ago is something that we all could not be more proud of,” said Prime Minister Nathaniel Rendra Modi said.
India poised to make a huge impact in the field of gravitational wave observations. Today’s India has gone far beyond the stereotype of the “land of snake charmers and black magic” in the West. Today, she not only competes with the best, but also strives to be the best. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)
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