India’s semiconductor industry is expected to face a shortage of 250,000-300,000 professionals by 2027, according to a report by TeamLease Degree Apprenticeship. The talent shortage is expected across verticals such as research and development (R&D), design, manufacturing, and advanced packaging.
This assumes significance as India is looking to target a significant share of the global semiconductor manufacturing industry. Under the Rs 76,000 crore semiconductor incentive scheme, the government has approved four projects so far. These include Micron’s assembly, test, marking and packaging (ATMP) project, Tata’s chip manufacturing and assembly project, and CG Power’s chip assembly project. More projects are also in the pipeline and at approval stage.
According to industry estimates, the semiconductor industry in India is expected to reach $100 billion by 2030. Recently, companies and the government have collaborated to introduce the required curriculum in different colleges. Last year, the government said more than 300 prominent colleges in India would start offering specialised courses on semiconductors.
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To reduce the talent gap, degree apprenticeships can help industry get access to a highly qualified workforce by combining theoretical and on-the-job training.
“AI-powered chip design and smart manufacturing are creating a demand for professionals skilled in AI, IoT, and 5G. Building an ecosystem for higher value creation activities and cultivating a competent workforce through degree apprenticeships and training programs is crucial to establish India as a significant player,” said Ramesh Alluri Reddy, chief executive officer of TeamLease Degree Apprenticeship.
The Electronics Sector Skill Council (ESSC) currently offers over 35 apprenticeship courses under the National Apprenticeship Promotion Scheme (NAPS) scheme to address skill shortages at various levels of entry-level work.
The number of apprenticeships in the electronics industry has surged over 12-fold from 7,517 in 2019-20 to 91,948 in 2023-24, acocording to Sumit Kumar, chief business officer at TeamLease Degree Apprenticeship.
TeamLease Degree Apprenticeship is also collaborating with over 22 universities to design courses to equip professionals with the necessary skills for the semiconductor industry.
From: financialexpress
Financial News
