About 50,000 people are currently employed by Tata Electronics in the semiconductor manufacturing industry, and in the next two to three years, that figure is expected to expand four or five times.

N. Chandrasekaran, Chairman of Tata Sons, emphasized in an interview with media the critical role chips would play in the future, driving a variety of industries from agriculture to the automobile.

In his explanation, Chandrasekaran emphasized that technical progress will spur innovation in a number of fields, such as aerospace, medical technology, and industrial Internet of things.

India has made only modest headway into the semiconductor industry in decades of attempts. On the other hand, extensive facilities for production, packaging, assembling, and testing have already been developed by Tata Electronics, which was founded during the COVID-19 period. An important turning point in India’s semiconductor development has been reached with the opening of a foundry, which was created in collaboration with Taiwan’s PSMC.

“Semiconductors power everything. Whether in the auto industry, power sector, consumer electronics, industrial IoT, or medical fields, including precision medicine and drones, every industry—from agriculture to cutting-edge tech—is driven by semiconductors”, he added.

Further he noted, “The global Interest in semiconductors is immense, but entering this field demands significant know-how, capital, talent, and disciplined execution”.

With this plan, India’s industrial environment will develop significantly and it will be positioned as a major player in the global semiconductor market. It also promises to stimulate technological improvements and offer enormous employment possibilities.