It is expected to become a USD 100 billion industry by 2030. In that case, the demand for skilled profession would be at peak. The expansion is poised to generate approximately 1 million global jobs by 2025-2026, aligning with India's broader economic and industrial growth objectives.

To keep in mind, The Electronics Sector Skill Council (ESSC) currently offers over 35 apprenticeship courses under the National Apprenticeship Promotion Scheme (NAPS). This scheme addresses skill shortages at various levels of entry-level work.

Have a look in detail… As per sources, ESSC currently offers over 35 apprenticeship courses under the National Apprenticeship Promotion Scheme (NAPS) by keeping in mind the skill shortages at various levels of entry-level work.

As India is working dedicatedly on its ambitious semiconductor journey, in that case, the country will need 2.5 lakh to 3 lakh skilled professionals by 2027. This skilled professional would be required for different areas like Research and Development (R&D), design, manufacturing and advanced packaging domains etc.

According to a report by TeamLease Degree Apprenticeship, efforts by top electronic manufacturers worldwide to reduce risks, along with support from governments and India's skilled workforce, have positioned the country as an important player in global semiconductor manufacturing.

In such conditions and after analysis it is expected to become a USD 100 billion industry by 2030. This expansion of the industry could generate approximately 1 million global jobs by 2025-2026.

To minimize this difference the TeamLease Degree Apprenticeship is actively collaborating with academia, government bodies, and industry leaders.

Ramesh Alluri Reddy, CEO of TeamLease Degree Apprenticeship, emphasised the need to increase employment in India, especially in light of the USD 15 billion investment in three semiconductor plants.

This investment results from the India Semiconductor Mission (ISM) and the Production Linked Incentive (PLI) scheme.

"Advancements in AI-driven technologies are pushing India towards higher-value activities in the semiconductor industry. AI-powered chip design and smart manufacturing are creating a demand for professionals skilled in artificial intelligence (AI), Internet of Things (IoT) and 5G," said Reddy.

It is important to build an ecosystem for higher value creation activities and cultivate a competent workforce through degree apprenticeships and training programmes to establish India as a momentous player, according to the report mentioned.

The PLI scheme, in particular, offers a USD 1.7 billion incentive package for companies with respect to establishing semiconductor manufacturing facilities in the country.