📊Executive Summary

During the UP Tech Next Electronics and Semiconductor Summit, industry leaders emphasized India's potential in the global semiconductor sector, focusing on the need for skilled talent and R&D commercialization. Ashok Chandak from IESA highlighted a projected global shortage of 700,000 semiconductor workers by 2030, stressing the importance of updating educational curricula and developing manufacturing training programs. The panelists discussed India's strengths in chip design and the necessity for policies that support the broader semiconductor ecosystem, including essential components like lead frames, which are currently imported. This insight indicates a growing opportunity for procurement teams to engage with local suppliers and invest in training initiatives to secure a skilled workforce for future semiconductor manufacturing....