The government has come up with various initiatives and allocated a substantial budget to incentivise this industry
India is set to become a major semiconductor manufacturing centre, leading to the creation of one million jobs in various sectors by 2026.
Among the expected job openings are 300,000 positions in chip manufacturing and around 200,000 in ATMP (Assembly, Testing, Marking, and Packaging). There will also be openings in chip development, software, system chains and supply chain management. This is reported by IANS, a partner of TV BRICS.
To build a sustainable talent pool in the semiconductor industry by 2026, India will require a skilled labour force comprising engineers, operators, technicians as well as quality control, procurement and material science professionals.
The semiconductor market size in India in 2023 finance year has been estimated at US$29.84 billion and is expected to grow to US$79.20 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 13.55 per cent. While the government has developed various initiatives and allocated a substantial budget to boost the industry, private companies are also showing interest in investing in the development of the sector.
Photo: iStock-
![]()
Society25.08.26BRICS countries seek stronger support for children from early years to adulthood -
![]()
Society24.08.26Head of International Relations Department of TVRI: Indonesia takes centre stage in multipolar media -
![]()
Society23.08.26BRICS News Digest for the previous week -
![]()
Society22.08.26Oman identifies seven mushroom species new to science -
![]()
Society21.08.26Projects in field of higher education in Iran to be presented to international public through TV BRICS -
![]()
Society20.08.26Citizens of Kyrgyzstan and Vietnam to use 240-hour visa-free transit through China
-
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
