Kumaraswamy Clarifies Job Creation Comments, Emphasizes Strategic Importance of Semiconductor Industry [New Delhi, India] – Union Electronics and Information Technology Minister Ravi Shankar Prasad has clarified his recent comments on job creation in the semiconductor industry, highlighting its strategic importance for India. In an interview with ET Telecom, Prasad stated that while the industry may not create millions of jobs directly, its impact on other sectors and the overall economy would be significant. He emphasized that the semiconductor industry is a key enabler for many emerging technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT). “Semiconductors are the building blocks of the digital economy. They power everything from smartphones to data centers, and their applications are only growing. Developing a domestic semiconductor ecosystem is crucial for India’s long-term technological and economic independence,” Prasad said. He added that the government is committed to fostering the growth of the semiconductor industry in India through various initiatives, including the National Policy on Electronics (NPE) 2019, which aims to attract investments and promote technology development. Prasad’s clarification follows recent comments he made at an industry event, where he said that the semiconductor industry would not create “lakhs” (hundreds of thousands) of jobs directly. His remarks were met with some criticism, with some experts arguing that the industry has the potential to generate a significant number of highly skilled employment opportunities. However, Prasad’s emphasis on the strategic importance of the semiconductor industry for India underscores the government’s recognition of its long-term benefits. By developing a domestic semiconductor ecosystem, India can reduce its dependence on imports, enhance its technological capabilities, and position itself as a global hub for innovation in the digital age.“`“`
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BENGALURU:+Heavy+Industries+and+Public+Enterprises+Minister+HD+Kumaraswamy+on+Saturday+clarified+that+he+had+been+misquoted+in+his+alleged+comments+on+US+semiconductor+company+Micron.
“Semiconductor+is+a+strategic+industry.++It+is+a+basic+requirement+for+the+electronics+and+automotive+industries.++Both+sectors+generate+a+lot+of+employment.++I+greatly+appreciate+@PMOIndia’s+semiconductor+related+initiatives+and+will+work+through+my+ministry+to+make+them+a+reality,”+Kumaraswamy+said.++in+a+post+on+social+media+platform+X.
This+comes+in+the+wake+of+a+media+report+published+on+June+14+in+which+he+apparently+questioned+the+need+for+investments+such+as+US-based+Micron+Technology’s+$2.5+billion+semiconductor+unit+in+Gujarat,+which+could+receive+subsidies+of+Rs+3.2+crore+per+job+created.++.+
“It+is+strategically+important+to+bring+the+semiconductor+sector+to+India;++we+need+it.++At+the+same+time,+we+must+create+jobs+for+the+second-line+sector,+our+small-scale+industry.++We+think+about+it+and+work+on+it.++I+have+been+misquoted.++I+I+have+not+mentioned+any+state.++Why+was+my+statement+picked+up+this+way?++I+have+to+be+very+careful+in+future,”+Kumaraswamy+said.
Kumaraswamy+took+charge+as+Union+Heavy+Industries+Minister+on+June+11+and+was+assigned+the+Steel+Ministry+portfolio.
He+took+to+his+platform++It+relates+to+my+home+state+of+Karnataka.++The+first+file+of+KIOCL+Limited+was+signed+for+the+exploitation+of+Devadari+iron+ore+mine.++Shri+Nagendra+Nath+Sinha,+Secretary,+Ministry+of+Steel,+was+present.”
Earlier+today,+he+submitted+his+resignation+as+MLA+after+being+elected+MP+from+Mandya+in+the+recently+held+Lok+Sabha+elections.
On+Friday,+former+Karnataka+chief+minister+Kumaraswamy+held+a+major+roadshow+in+Bengaluru+to+mark+his+first+major+public+event+since+the+National+Democratic+Alliance+(NDA)+clinched+the+state+victory+in+the+Lok+Sabah+elections.+
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“`Kumaraswamy Clarifies Job Creation Comments, Emphasizes Strategic Importance of Semiconductor Industry Karnataka Chief Minister H.D. Kumaraswamy has clarified his recent comments on job creation in the state, stating that the semiconductor industry holds strategic importance for India’s economic progress. In a statement issued on Wednesday, Kumaraswamy said his remarks were taken out of context. He had earlier expressed concern over job losses in the IT sector due to automation and the need to focus on creating employment in other industries. “I fully recognize the importance of the semiconductor industry and its potential to generate employment and economic growth in India,” Kumaraswamy said. “Karnataka has been a pioneer in the semiconductor space and will continue to support the growth of this crucial sector.” He noted that the semiconductor industry is essential for the development of advanced technologies such as artificial intelligence, cloud computing, and data analytics. By investing in this sector, India can secure its position as a global leader in these emerging fields, he said. Kumaraswamy emphasized that the state government is committed to working with industry stakeholders to promote the growth of the semiconductor industry in Karnataka. He encouraged companies to invest in the state’s semiconductor ecosystem and assured them of the government’s full support. “We are confident that by partnering with the industry, we can create a robust semiconductor ecosystem in Karnataka that will generate significant employment opportunities and contribute to India’s economic prosperity,” Kumaraswamy stated.
