SynopsisIndia's IT sector can address the global semiconductor talent shortage of one million people. Prime Minister Modi's focus has led to twelve plants developing chips for export. Electronics exports have now become the country's third largest export category. Mobile phones are now the largest exported item from India. Railways are also transforming with station redevelopment and new train services.Hyderabad, Union Minister Ashwini Vaishnaw on Saturday said the talent shortage in the semiconductor industry is estimated at one million globally, and the IT industry in the country should seize the opportunity.Speaking at an interaction with IT industry representatives, he said that because of Prime Minister Narendra Modi's focused push on the semiconductor industry, 12 plants are now under different stages of development, and three of them have started manufacturing chips.The chips are being exported to Japan, the US and Europe, he said."People say the talent shortage in the semiconductor industry is of the order of one million globally," the Union IT and Electronics Minister said.The opportunity can be seized by the IT industry in the country in a big way, as it knows how to design and develop entirely new solutions in electronics and IT, he said.To support the industry, the Centre has provided the most advanced semiconductor design tools to 315 universities, he said.He said electronics exports have become the third largest export category in the country, while mobile phones have become the largest exported item from India."Last year, electronics exports became the third largest exported category in our country, which we could never even have imagined a few years ago. That change has already happened," he said.Highlighting the Centre's initiatives in railways such as bullet trains, station redevelopment and Vande Bharat trains, Vaishnaw, who also holds the Railways portfolio, said the railways are transforming, with over 1,000 stations being redeveloped. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now