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    Cabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and Exports

    Cabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and Exports

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    Hyundai Motor India Q2 Results: Stan Net Profit Falls 24% to Rs 11,962 Crore, Revenue Rises 19%

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India’s semiconductor push to create 1 million jobs by 2026: Report

By: Editorial Desk

by Editorial Desk
November 13, 2024
in Technology
Reading Time: 1 min read
India’s semiconductor push to create 1 million jobs by 2026: Report

India’s semiconductor push to create 1 million jobs by 2026: Report

Summarize with:

New Delhi: India’s drive to boost its semiconductor manufacturing could generate up to 1 million jobs by 2026, as per a report by NLB Services. The report highlights job growth in areas like chip fabrication, assembly, testing, and packaging, with significant roles also expected in chip design and software development.

An estimated 300,000 jobs will be created in chip fabrication, while around 200,000 positions will open up in assembly and testing. The rest will span across design, software, and supply chain roles. Key positions in demand include engineers, technicians, and quality control specialists.

Despite this growth, the report notes a talent gap, with not enough skilled workers to meet the industry’s needs. To bridge this, India will need to upskill around 500,000 people every year. NLB Services CEO Sachin Alug pointed out the importance of hands-on training through internships to build a steady talent pool.

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As the government and private companies invest more in semiconductor facilities, workforce training and skill development are expected to rise by 25% in the coming years, addressing the talent shortage and supporting India’s goal of becoming a major semiconductor hub.

Also Read More –
  • Vedanta to build Semiconductor manufacturing facility in India
Summarize with:

Tags: 1 million jobs by 2026NLB ServicesNLB Services CEO Sachin AlugSemiconductorSemiconductor Manufacturing
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