Semiconductor sector to create 1 million jobs in India by 2026

14 Nov 2024 CW Team

India’s semiconductor industry is poised to create 1 million jobs by 2026, according to a report by NLB Services. As India moves towards becoming a global semiconductor manufacturing hub, job opportunities will span various sectors, including chip fabrication, assembly, testing, packaging (ATMP), and roles in chip design, software development, and supply chain management.

The report highlights that demand will rise for skilled professionals such as engineers, technicians, operators, and specialists in areas like quality control and materials engineering. India’s goal to build a robust semiconductor talent pipeline by 2026 is underscored by the need for workforce development programs, including upskilling and reskilling initiatives.

In addition to government backing, private companies are expected to invest in new semiconductor assembly and testing facilities in India. The expanding sector is also expected to create construction-related jobs as facilities are developed. However, the industry faces challenges, including a talent shortage. To address this, the report stresses the importance of hands-on training, including internships, which can help students gain practical experience.

As India seeks to meet the target of 1 million skilled workers by 2026, the report suggests that the country will need to upskill 500,000 workers annually. The sector’s growth is also expected to lead to a 25% increase in investment in skilling programs in the next few years.

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