The pandemic is a reminder of Albert Einstein’s words, “In the midst of every crisis, lies great opportunity.” It’s a known fact that the chip shortage during the pandemic has dampened the spirits of the electronics and automotive industries, among other verticals. It didn’t take long for the government to fast-track measures to uplift the economy. The Indian manufacturing sector is getting a push through Production Linked Incentives (PLI) schemes that offer incentives of over $26bn in 14 key sectors. Over the next five years, the electronics manufacturing sector is expected to see record growth. As reported in the media, the country’s 4G mobile network will start to roll out within a week. The Government-owned service provider BSNL has finalised 2,443 sites for rolling out the service, which will use Indian technology.
In order to promote the semiconductor industry, the Ministry of Electronics & Information Technology (MeitY) had organised SemiconIndia...