Chip industry faces shortage of 7 lakh workers by 2030: IESA chief
The Indian semiconductor sector is poised for significant growth, driven by the government’s initiatives to promote the industry and the increasing demand for electronics and semiconductor products. However, the sector is facing a significant challenge – a shortage of skilled workers. According to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), the semiconductor sector could face a shortage of around seven lakh workers by 2030. This shortage presents a significant opportunity for India to fill the void and become a major player in the global semiconductor industry.
The semiconductor industry is a critical component of the global electronics ecosystem, and its growth is driven by the increasing demand for electronic products such as smartphones, laptops, and televisions. The industry is also driven by the growing demand for emerging technologies such as artificial intelligence, Internet of Things (IoT), and 5G. However, the industry is facing a significant challenge in terms of skilled workforce. The shortage of skilled workers is a global phenomenon, and it is estimated that the industry will face a shortage of around seven lakh workers by 2030.
The shortage of skilled workers is a significant challenge for the semiconductor industry, as it requires a highly skilled and trained workforce to design, manufacture, and test semiconductor products. The industry requires workers with specialized skills in areas such as chip design, manufacturing, and testing. However, the current education system is not equipped to provide the required skills, and there is a need to update the technical curriculum and develop manufacturing-related training programs to tackle the issue.
According to Ashok Chandak, “Worldwide, there is a problem, and India has the opportunity to fill the void.” India has a significant advantage in terms of demographics, with a large pool of young and talented workers. However, the country needs to invest in education and training programs to develop the required skills. The government has initiated several programs to promote the semiconductor industry, including the establishment of semiconductor fabrication units and the provision of incentives for companies to set up manufacturing units in India.
The shortage of skilled workers in the semiconductor industry presents a significant opportunity for India to become a major player in the global industry. India has a large pool of talented workers, and the country can leverage this advantage to fill the void created by the shortage of skilled workers. However, the country needs to invest in education and training programs to develop the required skills.
The government has initiated several programs to promote the semiconductor industry, including the establishment of semiconductor fabrication units and the provision of incentives for companies to set up manufacturing units in India. The government has also launched several initiatives to promote the development of skilled workforce, including the establishment of Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs).
In addition to the government initiatives, the industry is also taking steps to address the shortage of skilled workers. Several companies, including Indian and multinational companies, are setting up training programs and centers of excellence to develop the required skills. These programs are focused on developing skills in areas such as chip design, manufacturing, and testing.
The shortage of skilled workers in the semiconductor industry is a significant challenge, but it also presents a significant opportunity for India to become a major player in the global industry. The country needs to invest in education and training programs to develop the required skills, and the government and industry need to work together to promote the development of skilled workforce.
In conclusion, the semiconductor industry is facing a significant challenge in terms of skilled workforce, with a shortage of around seven lakh workers expected by 2030. However, this shortage presents a significant opportunity for India to fill the void and become a major player in the global semiconductor industry. The country needs to invest in education and training programs to develop the required skills, and the government and industry need to work together to promote the development of skilled workforce.
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