With $10 billion investment, industry can tap into $2 trillion global semiconductor market, says former director of IIT Delhi

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An investment of around $10 billion can help the industry tap into global opportunities with a market size of $2 trillion, IIT-Delhi professor V Ramgopal Rao said on Monday.

There is a need to bridge the gap between academia and industry as many nanotech startups are springing up, said Rao, the outgoing director of IIT-Delhi, speaking on “Fuelling Manufacturing on the Nanoscale in India by Developing Semiconductor Ecosystem’ at the Bengaluru India Nano Summit 2022.

Other Centers of Excellence (CoE), he said, must be created and a patent culture must be encouraged to build on the strengths of the emerging nanotechnology ecosystem. The Maruti Suzuki model, Rao added, has transformed the semiconductor space by meeting the demand for semiconductors with some critical changes due to the collaboration between Maruti and Suzuki.

India is ranked 5th in nanoelectronics research in the world and seven institutions in India are working to boost research and development in nanospace, he said.

The agriculture, healthcare and automotive sectors have enormous potential for the adoption of nanotechnology. India ranks 3rd in the field of nanotechnology after the United States and China in terms of wealth and knowledge creation, while India ranks 5th in the field of cognitive technologies, where it need to soar to new heights. Nanotechnology has impacted 100 million lives in India and the country’s strength lies in a top-down approach, Rao said.

Balajee Sowrirajan, head of R&D at Samsung India, said the world is connecting through smart devices, including the proliferation of 3D videos, gaming technology and adoption of 5G technology. There are millions of connected devices in a short area, and nanotechnology helps in faster communication.

Earlier, Chief Minister Basavaraj Bommai said nanotechnology has great potential for the future, and the state government is committed to supporting scientific research including nanotechnology.

IT/BT Minister CN Ashwath Narayan said the event aims to strengthen research collaborations between nanotechnology and nanoscience to foster entrepreneurship and innovation.

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