Recent report by talent solutions company NLB Services projects that India’s semiconductor sector will create 1 million jobs by 2026.
However, the report also highlights a significant challenge: a talent shortage that necessitates upskilling.
A shortage of reskilling programs to bridge the gap and support the industry’s growth.
Government Initiatives and Private Investments
The Indian government has been actively supporting the semiconductor industry through various initiatives and budget allocations.
Private companies’ investments in building new semiconductor assembly and testing facilities in India are boosting these efforts.
The report estimates that the semiconductor industry will generate demand for 300,000 jobs in chip semiconductor fabrication.
They will also create around 200,000 positions in Assembly, Testing, Marking, and Packaging (ATMP).
Additionally, the industry will open up roles in chip design, software development, system circuits, and manufacturing supply chain management.
This diverse job creation will span across various categories, including engineers, operators, technicians, and specialists in quality control, procurement, and materials engineering.
Semiconductor Sector: Talent Shortage and Upskilling
One of the key challenges identified in the report is the talent shortage in the semiconductor industry.
To address this, the report emphasizes the need for workforce development programs and skill training.
This is to ensure a robust semiconductor talent pipeline by 2026.
NLB Services CEO Sachin Alug stated, “India recognizes the significance of cultivating world-class talent to foster a strong semiconductor ecosystem, understanding that high-quality education forms the bedrock of this endeavor.”
He added that to achieve the target of 1M skilled employees by 2026, 500,000 talents must be upskilled per year.
To ensure a steady flow of skilled local talent into India’s nascent semiconductor industry, the report suggests offering students real hands-on training through internships.
This approach will help bridge the gap between theoretical knowledge and practical skills.
It will be preparing the workforce for the demands of the semiconductor sector.
The report’s findings underscore the importance of government support, private investments, and workforce development programs in achieving the ambitious job creation target in India’s semiconductor industry.
As India moves towards becoming a semiconductor manufacturing hub, the focus on upskilling and reskilling the workforce will be pivotal in ensuring sustainable growth and competitiveness in the global market.
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