The India Semiconductor Association has released a study predicting the semiconductor and embedded design market in India will grow from the current $3.25 billion to $43.07 billion by 2015. The study forecasts that consumption of electronics equipment in India will reach $363 billion by 2015. The semiconductor component of that total will be $36.3 billion.
“At $36.3 billion, India will account for 6.5 percent of global semiconductor revenues. This is by no means a small market,” said Rajendra Khare, managing director of Broadcom India in a Red Herring article.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
This is great news….however, i am not sure if we as a country are doing enough….you tend to hear so much about india dominating the technology sector moving forward etc…but when you look at the hard numbers, it seems like we would still end up importing more than 90% of semiconductor consumption in india….any suggestions on how this should be combated? VC activity in india has definitely gone up and the SemIndia in hyderabad is a step in the right direction…