Union Minister of State for Electronics & IT, Rajeev Chandrashekhar made an announcement on two futureDESIGN semiconductor fabless companies under the Semicon India Design Linked Incentive (DLI) Scheme during the launch of ‘Digital India FutureLABS” at IIT Delhi on Monday.
The Digital India FutureLABS Summit 2024 also witnessed announcement of 20 MOU’s with industry for implementation of the FutureLABS in six verticals- Automative, Computer, Communication, Strategic Electronics, Industrial Electronics/IoT and Design & Innovation.
The initiative was announced by Rajeev combined with SemiconIndia futureDESIGN and futureSKILLS with the vision to make India a electronics product nation.
The founder of Saankhya Labs, Parag Naik, mentioned “Saankhya Labs is a wireless communication and semiconductor solutions company, designing a full spectrum of next-gen communication solutions for the present and the future. This includes products and solutions for broadband, satellite and broadcast applications including 5G NR, Direct to Mobile(D2M) Broadcast, rural broadband connectivity, satellite communication modems for IoT applications and multi-standard DTV modulators and demodulators”
“As part of the DLI Scheme, Sensesemi aims to drive India’s semiconductor capabilities by providing connected SoC for everything from smart wearables, med-tech sector and other connected devices”, Vijay Muktamath, founder of Sensesemi Technologies.
The Digital India futureLABS, coordinated by C-DAC, aims to tap into the trillion-dollar opportunity presented by the Electronics System Design and Manufacturing(ESDM) sector.
The initiative seeks to move up the value chain, fortify domestic R&D and create a collaborative ecosystem for the development of IP’s, standards and the next-generation Electronics System Design in the country, The Ministry of Electronics & IT asserted.
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