NEWS HIGHLIGHTS

  • This strategy of reviving the pre-existed, now closed fabrication plants of semi-conductors and chips fabrications will benefit India’s electronic industry.
  • It will reduce the cost of initial plant start-up and expertise; will encourage the development process.
  • This year’s schemes of production linked incentive (PLI) will also help in driving its manufacturing, which will also increase the value addition to 35-40% by 2025.

Friday, July 2, 2021: Apeiron Techno Ventures is also striving to revive the closed plants of Oregon-USA, Abu Dhabi-UAE & Chengdu-China, to take them over and set them up in India. This strategy of reviving the pre-existed, now closed fabrication plants will help India in many ways. It will reduce the cost of initial plant start-up and expertise; will encourage the development process with available experience of the industry’s ins and outs and much more.

The Benefits India Can Reap

Setting up such a high value manufacturing of semi-conductors and chips fabrications will tremendously transform India’s overall electronic industry. Chips are one of the most integral part of almost all electronic items, so making them In India will massively escalate the country’s net value addition to the overall electronics manufacturing operation. This year’s schemes of production linked incentive (PLI) will also help in driving its manufacturing, which will also increase the value addition to 35-40% by 2025. In addition, semiconductor manufacturing also possess some strategic advantages, as countries don’t directly want to depend on their imports for crucial infrastructure like defence and power.

The fabrication would effectively promote the manufacturing of indigenously designed chips and will also help India in reducing the dependence on other nations as well as on imports. It will also help in lowering the existing IT components cost for the Indian IT hardware manufacturers.

Source: PR