Japanese companies are keen to set up semiconductor units in India. They also have all the skills to partner with local companies. Financial advisory and audit services provider Deloitte said skilled workforce, funding and continuity of support measures are important to accelerate the growth of the semiconductor sector in India. Shingo Kamaya of Deloitte Japan said that Japanese companies are very excited about India.
Second quad partner after America
According to India, Japan is the second Quad partner after the US to sign the agreement with India for joint development of the semiconductor ecosystem and maintaining the strength of its global supply chain. Japan signed the agreement in July. The Quad is a grouping of India, Australia, Japan and the US that is an important forum for the Pacific region. Rohit Berry, President, Strategy, Risk and Transactions, Deloitte India, said, “Given the technology and expertise, there is no better partner than Japan to develop such an ambitious and critical semiconductor ecosystem.
Many generations to come will benefit
Berry said that the story of semiconductors in the country is not just about setting up a factory, but it is the story of the entire environment. Barry said that this is not a matter of one or two years but it will benefit us and many future generations of Japan.
Scope to create 10 lakh jobs
India is moving towards becoming a semiconductor manufacturing hub. A report says that India, which is growing rapidly in the semiconductor sector, can create 10 lakh jobs in its various sectors by 2026. A report by talent solutions company NLB Services said this demand is expected to be seen across various categories. This includes approximately three lakh jobs in chip semiconductor manufacturing, approximately two lakh jobs in ATMP (assembly, test, marking and packaging) and additional positions in chip design, software development, system circuits and manufacturing supply chain management.
