New Delhi, March 28 -- The global semiconductor industry, valued at $750 billion, is poised for explosive growth in the next 6-7 years, and India is strategically positioned to seize this lucrative opportunity, according to Ashwini Vaishnaw, Union Minister for Electronics & IT, Telecom, and Railways.

Addressing the Business Standard Manthan summit on Wednesday, Vaishnaw outlined India's key competitive advantages.

With nearly one-third of the semiconductor industry's global talent located in India, the country boasts a vast pool of skilled professionals capable of conceptualising, designing, and validating chips for fabrication.

Despite its modest per capita income, India has prioritized renewable energy, with an impressive 42 per...