Semiconductors

The semiconductor industry is crucial for the development of various industries such as electronics, telecommunications, defence, and automotive. As the world’s semiconductor industry market value stands at $528 billion and is estimated to achieve a CAGR of 6.7%, it is projected to reach a CAGR of 17.10% for India from 2021-2028. The Government of India has recognized the importance of this industry and has introduced various initiatives to promote its growth, including the Performance linked incentive (PLI), Design linked incentive (DLI), Chips to Startup (C2S), and Scheme for Promotion of Electronic Components and Semiconductors (SPECS).

To leverage this opportunity, the government has invited SMEs, startups, R&D organizations, and academia to participate in the C2S program and take advantage of the Rs 76,000 Cr Performance linked Incentives scheme. However, the industry faces challenges such as skill gaps and a need to improve supply chains. The AICTE and other higher education boards are addressing the skill gap by introducing curriculums to close the gap, and the government is working to improve the supply chain.

To succeed in this industry, it’s crucial to optimize credit structures, reduce borrowing costs, and right information about subsidies and subventions that could help companies stay ahead of the curve. There is also a strong need to manage surplus wealth, and to handle foreign exchange aiming to reduce transaction costs and risk. Yosaney’s team of seasoned professionals will help you achieve these unique requirements, enabling you to reduce costs, improve efficiencies, and scale up with the right information and expertise. Trust us to provide you with customized services to meet your unique needs and take your business to the next level.