India represents today a tremendous market for the application and use of technology, with a vibrant ecosystem for innovation.
“India represents today a tremendous market for the application and use of technology. It represents a country where there is tremendous depth in innovation ecosystem and a vibrant ecosystem of performing entrepreneurs. Government policy and capital is going to catalyze these two elements and create a sustainable ecosystem that will serve the world’s demand and India’s need in the coming decade,” said Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology, at the 35th International VLSI Design & Embedded Systems Conference 2022.
The event was organized under the aegis of VLSI Society of India together with industry partners. The theme for this year’s conference was ‘Silicon Catalyzing Computing, Communication & Cognitive Convergence”.
Chandrasekhar said, “On August 15, 2021, the Prime Minister laid out a vision for all of us who are deeply passionate about Indian technology and innovation ecosystem. He termed the next 10 years as India’s ‘Techade’—summarizing in one phrase, many things for many people. It talks about the direction of our economy, direction of technology ecosystem & the power of technology changing the way Government functions and transforming the lives of its citizens.”
Talking about the impact of the COVID-19 pandemic and India’s measured response to it, he said, “India’s performance during the COVID-19 pandemic has redefined India among the world observers as a country that has leveraged technology for building a resilient economy, resilient government and resilient citizenry. India has received the highest ever FDI, created UNICORNS at the rate of over three a month during the year 2021.”
Mentioning about the opportunities in the electronics sector, Chandrasekhar said, “It is clear today that we have a runway of opportunities in the ESDM (electronics system design and manufacturing) space, in the embedded design space, and of course, the semiconductor space. Our ambitions specifically to the semiconductor space are very clear. It involves big investment in fabs, which is natural—given the geopolitics, but also in the ecosystem around innovation, design and systems.”
He also informed how India is essentially investing government capital in creating skill talent, from research and design engineering side to the factory, testing, and packaging workforce side, while encouraging entrepreneurship and startups in the design and innovation ecosystem. The government is focusing on its own design and developing efforts around the future roadmap of Reduced Instruction Set Computer (RISC) V and other open source Instruction Set Architecture( ISA) systems.
“For somebody with over three decades of experience in technology and entrepreneurship, I have never felt more confident about this moment of India. It is coming together of various factors including the leadership and vision of our Prime Minister that has brought us to this inflection point—an opportunity to grow & expand beyond the traditional technology capabilities,” Chandrasekhar concluded.