Chip industry faces shortage of 7 lakh workers by 2030: IESA chief
The Indian semiconductor industry is poised for significant growth, but it is also facing a major challenge: a looming shortage of skilled workers. According to India Electronics and Semiconductor Association (IESA) President Ashok Chandak, the 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 establish itself as 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 devices, including smartphones, laptops, and servers. The industry is also a key driver of innovation, with semiconductors enabling advancements in fields such as artificial intelligence, 5G, and the Internet of Things (IoT). However, the industry’s growth is threatened by a shortage of skilled workers, which could have significant implications for the global economy.
The shortage of skilled workers in the semiconductor industry is a global problem, and it is not limited to India. According to Chandak, the worldwide shortage of skilled workers in the semiconductor industry is a major challenge, and India has the opportunity to fill the void. This presents a significant opportunity for India to establish itself as a major player in the global semiconductor industry and to create new job opportunities for its citizens.
To tackle the shortage of skilled workers, Chandak highlighted the need to update the technical curriculum and develop manufacturing-related training programs. The current education system in India is not adequately equipped to provide students with the skills required by the semiconductor industry. There is a need to update the curriculum to include courses on semiconductor manufacturing, design, and testing, as well as to provide students with hands-on training and experience.
The Indian government has already taken steps to promote the growth of the semiconductor industry, including the establishment of the India Semiconductor Mission (ISM). The ISM is a dedicated organization that aims to promote the growth of the semiconductor industry in India and to attract investment in the sector. The government has also announced several incentives, including tax breaks and subsidies, to encourage companies to set up semiconductor manufacturing facilities in India.
In addition to government initiatives, the private sector also has a critical role to play in promoting the growth of the semiconductor industry in India. Companies such as Intel, Samsung, and Texas Instruments have already established a presence in India, and they are working with local universities and research institutions to develop the skills required by the industry.
The shortage of skilled workers in the semiconductor industry also presents an opportunity for startups and entrepreneurs to develop innovative solutions. There is a need for startups to develop new technologies and platforms that can help to automate the semiconductor manufacturing process and reduce the need for skilled labor. There is also a need for startups to develop new training programs and platforms that can help to upskill and reskill workers in the industry.
In conclusion, the shortage of skilled workers in the semiconductor industry is a significant challenge, but it also presents a major opportunity for India to establish itself as a major player in the global semiconductor industry. To tackle the shortage, there is a need to update the technical curriculum and develop manufacturing-related training programs. The government and private sector must work together to promote the growth of the industry and to create new job opportunities for citizens. With the right policies and initiatives in place, India can capitalize on the opportunity presented by the shortage of skilled workers and establish itself as a major hub for semiconductor manufacturing.
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