Union Minister Ashwini Vaishnaw says India will draw big money into memory chip manufacturing. Companies are ramping up to bridge supply-demand gap. Global market's tightening — prices rising,hitting costs for electronics like smartphones,laptops.
Vaishnaw stressed urgency at press conference in Jaipur . Semiconductor industry dealing with growth pains,shortages,especially in AI data center components. "Definitely,more investment is coming in memory manufacturing units," he said. Demand for high bandwidth memory chips is up.
Investment in India's data centers might top $200 billion,requiring massive storage. Minister pointed to surging demand met by expanded manufacturing. Micron already started production at two plants — first on February 28,second on March 31.
Asked about new investments vs. expanding existing ones,Vaishnaw suggested both likely. He mentioned India Semicon Mission (ISM) 1.0,supporting about 48 semiconductor startups. ISM 2.0 will focus on chip design,essential equipment manufacturing.
Vaishnaw said India making big strides in attracting chip manufacturers under Prime Minister Narendra Modi's leadership. Government advancing ISM 2.0 plans,focusing on chip design,indigenous production of complex chemicals,gases for semiconductor manufacturing.
Plans for more chip manufacturing plants,ATMP units underway. Minister stressed talent development as key to semiconductor mission's success.
India's lure to global firms boosted by vast talent pool,modernized power grid,strong renewable energy commitment. Vaishnaw noted over past decade,200,000 km of transmission lines built — reliable grid. Unlike aging infrastructure in developed countries struggling with data center demands.
Environmental concerns about data centers,especially water,power use. Vaishnaw assured stringent norms followed,innovations cut water use by up to 70% with new cooling methods .
Data centers in India projected to use ~150.30 billion liters of water by 2025,possibly rising to 358.66 billion liters by 2030. As industry evolves,government aims to tackle these challenges while boosting semiconductor sector growth…
