Japanese firms are keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said.
It also said that skilled workforce, funds and continuation of support measures are key to push growth of the semiconductor sector in India.
Japanese firms are “super enthusiastic” about India, Shingo Kamaya, Deloitte AP and SRT Leader, Deloitte Japan said.
In July, Japan became the second Quad partner after the US to sign an agreement with India for the joint development of the semiconductor ecosystem and maintain the resilience of its global supply chain.
The two countries signed the memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain.
With around 100 semiconductor manufacturing plants, Japan is among the top five countries to have a semiconductor ecosystem.
Japan houses companies that are global leaders in raw form of semiconductor wafers, chemical and gases, lenses that are used in chip manufacturing equipment, and display technologies.
India aspires to have 10 semiconductor manufacturing plants in 10 years.
“Given the technology, given the specialization, there is no better partner to get on to developing such an ambitious and a critical ecosystem of semiconductor than Japan,” Rohit Berry, President – Strategy, Risk and Transactions, Deloitte India, said. Read more
Source: Indian Express