Semiconductor manufacturing firms within the US and Europe have backed India’s strategy to making a effectively rounded and full semiconductor ecosystem, the Union Minister for Electronics and Information Technology Ashwini Vaishnaw informed ET. “The meetings have been very fruitful. The message was clear there is no doubt India is the next big destination for everyone in semiconductors to invest. They acknowledged that we have taken the right direction by first focusing on the building of the ecosystem for a fab plant to sustain,” Vaishnaw informed ET.

Vaishnaw is on a tour of the US until Thursday. On Tuesday, he met high executives from a number of semiconductor manufacturing and fabrication firms working out of the US and Europe. He additionally met Google and Alphabet chief government officer Sundar Pichai and mentioned the Make in India programme in addition to the India Stack.

“Thank you for taking the time to visit us at the Googleplex, Minister@AshwiniVaishnaw. Enjoyed discussing the many ways we’re working together on India’s digital transformation, and the opportunities ahead,” Pichai tweeted.

According to senior authorities officers current at these conferences, the executives from the semiconductor fabrication firms mentioned that India had the bottom value of working a fab together with the very best expertise pool.

More than one million jobs might be created in India over the following few years within the semiconductor manufacturing ecosystem in India, and India had the best expertise pool to fulfil this want, the senior executives from the semiconductor manufacturing firms are believed to have informed the Vaishnaw led delegation.

The nation is effectively poised to emerge as an important participant within the chipmaking phase which is predicted to develop to over $1 trillion in seven years from $600 billion now, the corporate executives mentioned.

On Tuesday, Vaishnaw additionally addressed members of SEMI, a US primarily based international business affiliation of electronics and design provide chain producers.