The policy push around manufacturing has set a fertile ground for transforming the country into a global powerhouse for electronics and semiconductor production, he believes.
India’s manufacturing push, backed by favourable policies, is timely and positions the country strongly to grab a massive opportunity in the electronics hardware space amid COVID-induced supply chain disruptions and global trust deficit around China, according to HCL co-founder Ajai Chowdhry.
Chowdhry — who is part of the IT ministry-constituted advisory panel of experts that will steer objectives and provide guidance on the semiconductor program — exuded confidence that India can emerge as a “reliable partner” for the world when it comes to hardware production and chip-making.
The policy push around manufacturing has set a fertile ground for transforming the country into a global powerhouse for electronics and semiconductor production, he believes.
“All in all, I think it is a fantastic policy. And I think it has become more critical in the current situation. The global trust deficit around China means there is a great opportunity for us not only to sell semiconductor chips from India but also hardware products that are made in India,” Chowdhry told PTI.
India needs to now move swiftly to grab the opportunity, and position itself as an alternative to China for semiconductors and hardware.
“The world is looking for alternatives in this situation where supply chains are becoming very difficult, and India can emerge as a reliable partner, because we are recognised like that,” he said.
Globally, the recurring waves of COVID and geopolitical implications of the Russia-Ukraine war have cast uncertainties over the costs and supply chains, but this has also delivered an unexpected “tailwind” for manufacturing.
“For electronics, I think it is a tailwind because, in a manner, it is going to drive us to do more in semiconductor and electronics hardware,” Chowdhry said.
Chowdhry is one of the six founders of HCL. For the last five decades, he has been at the forefront of building the electronics industry in India. He is also a member of the newly-formed advisory committee that will provide necessary guidance to the India Semiconductor Mission (ISM) executives.
The panel will also provide insights and suggestions to develop a sustainable semiconductor and display ecosystem in India, while offering inputs for building a resilient supply chain, promoting investments, financing mechanisms, global engagement, and research and innovation for the semiconductors and display ecosystem.
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