Explained: Why India’s focus on semiconductor manufacturing is strategically important

The government recently announced a Rs 76,000 crore PLI scheme to boost domestic semiconductor and display manufacturing. Find out why the scheme is strategically important for India.

The government’s focus on boosting semiconductor production in India could go a long way in establishing the country as a global hub for electronics goods, besides creating jobs and attracting investments from top firms around the world.

On Wednesday, the government approved a Rs 76,000 crore production-linked incentive (PLI) scheme to boost semiconductor and display manufacturing -- a move that experts say will benefit India strategically, especially at a time when the entire world is facing a shortage of semiconductors.