The Career Potential of Vocational Skills in India’s Semiconductor Industry
Date – 27-05-24
Transcript:-
India’s semiconductor industry is poised for significant growth, driven by increasing demand for electronic devices, advancements in technology, and government initiatives. As the global semiconductor market is projected to reach $1 trillion by 2030, India aims to capture a substantial share, potentially reaching $64 billion in market size by 2026. This ambitious growth trajectory underscores the urgent need for a skilled workforce equipped with vocational skills tailored to the semiconductor sector.
India’s government has launched several initiatives to boost domestic semiconductor production. The Production Linked Incentive (PLI) scheme, with a budget allocation of ₹76,000 crore ($10 billion), aims to attract global semiconductor manufacturers to set up plants in India. Additionally, the Indian Semiconductor Mission (ISM) focuses on building a robust semiconductor and display manufacturing ecosystem.
India’s burgeoning electronics market, valued at $118 billion in 2020, is expected to grow at a CAGR of 16.1% from 2021 to 2026. This growth is driven by increasing consumer electronics adoption, advancements in telecommunications, and the rising use of semiconductors in automotive and industrial applications. These factors contribute to a surging demand for skilled professionals in the semiconductor industry.
Vocational education emphasizes practical skills and hands-on experience, making it highly relevant to the semiconductor industry. Key vocational skills essential for this sector include:
Various training and certification programs are being developed to harness vocational skills’ potential. Institutions and organizations are offering specialized courses tailored to the semiconductor industry, including:
The career potential in the semiconductor industry for vocationally trained individuals is vast. Promising job roles include:
As the industry evolves, the need for advanced skills and continuous learning will grow, providing opportunities for career advancement and specialization. Vocational training institutions are increasingly partnering with industry players to align curricula with the latest technological advancements and industry requirements.
The semiconductor industry in India presents a promising landscape for individuals equipped with vocational skills. As the country strives to become a global hub for semiconductor manufacturing, the demand for skilled technicians, engineers, and specialists will increase. Vocational training offers a practical, efficient pathway to enter and thrive in this dynamic industry. By investing in vocational education, India can build a robust workforce to meet its burgeoning semiconductor sector’s demands, driving innovation and growth on the global stage.