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Singapore - Semiconductor and Digital Ties with India UPSC NOTE

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  Why in news Singapore’ s President, Tharman Shanmugaratnam, is exploring new initiatives to enhance ties with India, including semiconduc...

 Why in news

  • Singapore’s President, Tharman Shanmugaratnam, is exploring new initiatives to enhance ties with India, including semiconductor manufacturing and digital solutions.

  • His visit focuses on strengthening economic and technological cooperation, with a specific emphasis on Odisha and Assam.

  • The visit also marks the 60th anniversary of diplomatic relations between India and Singapore.

Significance of Semiconductors for India

  • Industrial Development: The global semiconductor industry is poised for a decade of growth and is projected to become a trillion-dollar industry by 2030, and India aims to capture a significant share. 

    • The Indian semiconductor market was worth USD 15 billion in 2020 and is estimated to reach USD 63 billion by 2026. 

  • Technological Sovereignty: By developing domestic semiconductor capabilities, India can ensure a stable supply for critical defense systems and secure communication networks. 

  • Global Supply Chain: India’s participation in the semiconductor sector can boost global supply chain influence, attract investments, and enhance its strategic geopolitical role. 

  • Digital Transformation: Semiconductors are key to AI, quantum computing, and 5G, making domestic development crucial for India’s digital and technological progress. 

    • It will support data centers, communication networks, and smart cities, aiding national growth. 

  • Skill Development: The semiconductor industry’s demand for specialized skills will boost STEM education and research in Indian institutions.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Singapore - Semiconductor and Digital Ties with India UPSC NOTE
Singapore - Semiconductor and Digital Ties with India UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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