Desk : India is poised to play a significant role in addressing the global semiconductor industry’s talent shortage of around one million professionals and is prepared to develop world-class design facilities to tap into this rapidly growing sector, Union Minister Ashwini Vaishnaw said on Friday.
Addressing an event at the Software Technology Parks of India (STPI), the Minister said India is ready to establish the world’s best semiconductor design infrastructure and contribute to bridging the global skill gap in the industry.
He noted that the global semiconductor industry, currently valued at around USD 800 billion, is expected to grow to nearly USD 1 trillion within the next year. The sector is also projected to generate around one million new jobs worldwide by 2032.
“The semiconductor industry is currently worth approximately USD 800 billion globally. It is expected to become a USD 1 trillion industry within the next year,” Vaishnaw said.
Highlighting the talent gap, he added, “There is a shortage of about one million professionals in the semiconductor industry. Filling this gap is an opportunity for us.”
The Minister emphasized that India must focus on two key areas—design and manufacturing—to fully benefit from this opportunity. He said the country is ready to build world-class design facilities to strengthen its position in the global semiconductor ecosystem.
In a separate development, Vaishnaw also chaired a review meeting with senior railway officials to assess the challenges faced by Station Masters and discuss measures to enhance their role in ensuring safer, more efficient, and passenger-friendly railway operations across the country.