Govt to start giving shape to semicoductor research centre from 2024: PTI

The Ministry of Electronics and IT will start setting up Bharat Semiconductor Research Centre from next year in collaboration with the industry and academia, minister of state Rajeev Chandrasekhar said on Friday, PTI reported. 

The minister said that Prime Minister Narendra Modi's vision is that Indians should be involved in the leadership of semicoductor research.

"A group of top minds in semicoductor around the world and country have sat together to design the Bharat Semicoductor Research Centre, Chandrasekhar told PTI after the experts' panel submitted its report.

He said that the proposed Bharat Semiconductor Research Centre will be
a global institution in semiconductor research. "The design, area in which it should focus etc. have all been today authored and put in a high quality report by the experts. I'm hopeful that in the year 2024, we should have the beginning of this institution taking shape," Chandrasekhar said.

Chandrasekhar further added that the Bharat Semiconductor Research Centre will become one of the leading semiconductor research institutes in the next 4-5 years, and there will be no constraint in the investment that the institution will need. 

When asked if the investment will be in the form of grants or equity for IPRs (intellectual property rights) that will be developed at the institution, the minister said that the decision on the nature of government investment will be decided later, PTI noted.