Chip industry faces shortage of 7 lakh workers by 2030: IESA chief
The semiconductor industry, which has been experiencing rapid growth in recent years, is facing a significant challenge in the form of a looming shortage of skilled workers. According to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), the industry could face a shortage of around seven lakh workers by 2030. This shortage has the potential to severely impact the industry’s growth and development, but it also presents a significant opportunity for India to fill the void.
Chandak highlighted the global nature of the problem, stating that the shortage of skilled workers is not limited to India, but is a worldwide issue. However, he believes that India has the potential to capitalize on this shortage and become a major player in the global semiconductor industry. “Worldwide, there is a problem, and India has the opportunity to fill the void,” he stated. This is a significant statement, as it suggests that India could emerge as a major hub for semiconductor manufacturing and design, providing a boost to the country’s economy and creating new job opportunities for its citizens.
The shortage of skilled workers in the semiconductor industry is a complex issue, with multiple factors contributing to it. One of the main reasons is the rapidly changing nature of the industry, which requires workers to have a high level of technical expertise and the ability to adapt quickly to new technologies and processes. The industry is also experiencing a high rate of retirements, with many experienced workers leaving the workforce and taking their knowledge and expertise with them. At the same time, the industry is struggling to attract new talent, as many young people are not aware of the career opportunities available in the semiconductor industry or do not have the necessary skills and training to enter the field.
To address the shortage of skilled workers, Chandak emphasized the need to update the technical curriculum and develop manufacturing-related training programs. This is a critical step, as it will help to ensure that students and workers have the necessary skills and knowledge to succeed in the industry. The IESA is working closely with educational institutions and industry partners to develop new training programs and update existing curricula, with a focus on providing students with hands-on experience and practical skills.
The Indian government is also playing a crucial role in addressing the shortage of skilled workers in the semiconductor industry. The government has launched several initiatives aimed at promoting the development of the industry, including the creation of new training programs and the establishment of specialized institutes and universities. The government has also provided financial support to companies and institutions involved in the development of the semiconductor industry, with the aim of encouraging investment and promoting growth.
The potential benefits of addressing the shortage of skilled workers in the semiconductor industry are significant. Not only could it help to drive growth and development in the industry, but it could also create new job opportunities and stimulate economic growth. The semiconductor industry is a critical component of the global economy, and its growth and development have the potential to have a major impact on a wide range of industries, from electronics and telecommunications to automotive and healthcare.
In addition to the economic benefits, addressing the shortage of skilled workers in the semiconductor industry could also have a major impact on India’s global reputation and influence. By becoming a major player in the global semiconductor industry, India could establish itself as a leader in the field of technology and innovation, and could play a major role in shaping the future of the industry.
In conclusion, the shortage of skilled workers in the semiconductor industry is a significant challenge that has the potential to impact the industry’s growth and development. However, it also presents a major opportunity for India to fill the void and become a major player in the global industry. By updating the technical curriculum and developing manufacturing-related training programs, India can help to address the shortage of skilled workers and drive growth and development in the industry. With the support of the government and industry partners, India has the potential to emerge as a major hub for semiconductor manufacturing and design, and could play a major role in shaping the future of the industry.
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