Never miss a story

Get subscribed to our newsletter


×
India is moving towards becoming Aatmanirbhar Bharat.

Setting up a Rs 4,000 crore fabless seed fund with the goal of creating and supporting 100 successful fabless companies in the next five years is needed to make Aatmanirbhar Bharat on semiconductor chip products, industry body India Electronics and Semiconductor Association (IESA) said.

From smartphones and computers to autonomous cars and other industrial equipment, semiconductors enable a broad gamut of products which are key to functioning of the economy.


And in today’s geo-political situation where data security has become a major concern, self-reliance in the semiconductor chip products is strategically very critical.


The data security has to be safeguarded both at the chip level and at the electronics system level. Pixabay

But because the fabless products companies need significant investment — $5-$10 million — and longer gestations period, 3-5 years, it is very difficult to get required seed capital or investment, explained Satya Gupta, Chairman, IESA.

“The second area where these fabless start-ups need help is on product marketing and business talent. As most of entrepreneurs in chip design come from technical background, it will help them immensely if they can be supported and supplemented with business talent,” Gupta told IANS in an interview.

IESA, an industry body representing the Electronics System Design and Manufacturing (ESDM) and intelligent electronics industry in India, believes that it is a critical “need” to develop indigenous capabilities in electronics system products design and design-led manufacturing, especially for the products which are in the critical networking infrastructure.

Gupta said that in devices like smartphones, base stations, switches, routers, etc., the data security has to be safeguarded both at the chip level and at the electronics system level.

“Government should put a strategic plan similar to incentive plan for manufacturing to incentivise domestic product design and design-led manufacturing of electronics systems to ensure the adequate control and regulation of data,” Gupta told IANS.

“Global synergies and partnerships are essential to achieve this goal of developing a self-reliant (aatmanirbhar) electronics system products ecosystem,” he added.

Indian electronics products market segment consumes substantial amount of semiconductor components and as per IESA ESDM Market study report 2020, the total semiconductor component market is estimated to be about $20 billion in FY 2019 growing to $45 billion by 2025.


The total semiconductor component market is estimated to be about $20 billion in FY 2019 growing to $45 billion by 2025. Pixabay

Although India is one of the leaders in semiconductor design, Indian companies’ share of the semiconductor product market is considerably small — less than five per cent, IESA said, adding that along with the key stakeholders and partners, the industry body envisages creating 100 domestic fabless companies in the next five years.

Also Read: Microsoft Announces New Platform to Help Indian Firms Return to Work

Examples of global fabless giants include the likes of Qualcomm and Broadcom.

The National Policy on Electronics 2019 (NPE 2019) also envisages to position India as a global hub for ESDM with thrust on exports by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.

“Self-reliance in electronics and semiconductor chip products are strategically critical in today’s geo-political scenario with similar importance as space,” Gupta said. (IANS)


Popular

Photo by Brooke Lark on Unsplash

Pickles bottled in various combinations

India is known for its pickles, popularly called 'Achaar', even across the world. But who thought about the idea of pickles in the first place? Apparently, the idea of making pickles first came from the ancient civilisation of Mesopotamia, where archaeologists have found evidence of cucumbers being soaked in vinegar. This was done to preserve it, but the practice has spread all over the world today, that pickles mean so much more than just preserved vegetables.

In India, the idea of pickle has nothing to do with preservation, rather pickle is a side dish that adds flavour and taste to almost anything. In Punjab, parathas are served with pickle; in the south, pickle and curd rice is a household favourite, and in Andhra, it is a staple, eaten with everything. The flavour profile of pickles in each state is naturally different, suited to each cuisine's taste. Pickles are soaked in oil and salt for at least a month, mixed with spices and stored all year round. Mango season is often synonymous with pickle season as a majority of Indians love mango pickle. In the coastal cities, pickles are even made out of fish and prawns.

Keep Reading Show less
Photo by Kelly Sikkema on Unsplash

Spiral bound notebooks allow writers to easily access each part of the page

It is impossible to detail the history of bookbinding without understanding the need for it. A very useful, and yet simple invention, spiral coils that hold books together and allow mobile access to the user came about just before WWII, but much before that, paper underwent a massive change in production technique.

Beginning in China, paper was made of bamboo sticks slit open and flattened. In Egypt, papyrus was made from the reeds that grew in the Nile. In India, long, rectangular strips of palm leaves were stitched together to form legible documents. When monasteries were established, scrolls came into being. Parchment paper, or animal hide, also known as vellum, were used to copy out texts periodically to preserve them. Prior to all this, clay tablets were used to record important events, and in some cases, rock edicts were made.

Keep Reading Show less
IANS

Devina Singhania, the Founder of 'LE JAHAAN', a local home and decor accessories company, explains how the gifting paradigm has shifted.

By N. Lothungbeni Humtsoe

To keep the value and quality of what you offer, whether it's a romantic breakfast in bed or a royal wedding gift that will be remembered for years. The concept of gift-giving has taken on a number of shapes in today's society. Devina Singhania, the Founder of 'LE JAHAAN', a local home and decor accessories company, explains how the gifting paradigm has shifted.

Q: What do consumers expect from the gifting business and packaging designers these days?

A: Today's consumers are expecting more minimal sustainable products, designs and mediums. They are now more conscious about how their purchase affects the environment. Considering this shift in consumer buying, it's extremely important for companies to increase their commitments to responsible business practices and design products that are meant to be reused or recycled.

person holding white and red gift box Today's consumers are expecting more minimal sustainable products, designs and mediums. | Photo by Superkitina on Unsplash

Keep reading... Show less