News: India needs 300,000 skilled professionals to fuel chip ambitions

Skilling

India needs 300,000 skilled professionals to fuel chip ambitions

Report reveals shortfall could stall industry growth despite government incentives.
India needs 300,000 skilled professionals to fuel chip ambitions

India's aspirations to become a major player in the global semiconductor market face a significant hurdle: a potential shortage of 250,000 to 300,000 skilled professionals by 2027. This talent gap threatens to stall the nation's ambitious growth plans for the industry, despite significant government initiatives and a projected market boom, according to TeamLease Degree Apprenticeship.

The Indian government aims to capture a significant share of the global semiconductor market, with the sector expected to reach a staggering $100 billion by 2030. Recent efforts like the India Semiconductor Mission (ISM) and the Production Linked Incentive (PLI) scheme have attracted major investments, including $15 billion for three new semiconductor plants. However, these ambitious projects require a skilled workforce to translate into tangible results.

The looming talent crunch spans various crucial sectors within the semiconductor industry, including research and development, design, manufacturing, and advanced packaging. This shortfall in skilled professionals poses a serious threat to India's ability to capitalize on the current momentum and achieve its long-term goals.

Addressing this critical talent gap requires a multi-pronged approach. Educational institutions need to adapt their curriculum to align with the specific needs of the semiconductor industry. This includes incorporating courses in emerging technologies like AI, IoT, and 5G, which are becoming increasingly important in chip design and manufacturing.

There are, however, some positive signs. According to Sumit Kumar, Chief Business Officer at TeamLease Degree Apprenticeship, the number of apprenticeships in the electronics industry has surged from 7,517 in 2019-20 to 91,948 in 2023-24, marking a remarkable 12.2-fold increase. TeamLease Degree Apprenticeship is leveraging this growth by introducing specialised programmes, such as PG Diplomas in Total Quality Management and MBAs under Work-Integrated Learning Programs, specifically tailored to meet the semiconductor industry's needs

Furthermore, fostering closer collaboration between industry leaders and academia can bridge the gap between theoretical knowledge and practical skills. Internship programmes and industry-sponsored courses can provide students with valuable real-world experience, preparing them to hit the ground running upon graduation. the report suggested.

Government incentives could be directed towards attracting and retaining skilled professionals from abroad. This, coupled with initiatives to upskill and reskill the existing workforce, could help alleviate the talent shortage in the short term.

Addressing this challenge requires a collective effort from government, educational institutions, and the private sector. Only through a coordinated strategy focused on education reform, industry collaboration, and workforce development can India bridge the talent gap and fuel its ambitious chip dreams.

The report suggested that the critical shortage of skilled professionals can threaten to derail India's ambitions in the semiconductor industry and addressing through educational reforms, industry collaboration, and workforce development initiatives holds the key to unlocking India's full potential in the global chip market.

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Topics: Skilling, #BusinessTransformation

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