As the government renews its attention on the Production-Linked Incentive (PLI) scheme to encourage domestic manufacturing, MediaTek, the fourth-largest fabless semiconductor company in the world, said on Friday that the scheme would give the semiconductor manufacturing sector a much-needed impetus, which is currently facing several problems with a lack of funds, and the company is in a position to continue to stall.
To cater to the Indian market, the Taiwanese giant works closely with original equipment manufacturers (OEMs) such as Realme, Xiaomi, and OPPO, among others.
Manufacturing is a capital-intensive sector that also needs enormous manpower, according to Anku Jain, Managing Director of MediaTek India.
“Thus, for most businesses, investing in production is not a feasible choice. The government has stepped into this field by offering schemes such as PLIs, REITs (real estate investment trusts), and InvITs (infrastructure investment trusts), encouraging more players to enter the field “In an interview, Jain told IANS.
“These steps, along with the emphasis on technology education and skills development, further highlight the dedication of the government. FDI inflow is likely to soar for output, with FDI rules relaxed than ever, “And he added.
According to him, India’s smart device ecosystem is set to burst in the coming years, powered by IoT (Internet of Things) and 5G growth.
“With 5G and WiFi 6, probably, Indian households will soon be able to link up to 50 devices via their home network,” Jain said.
By the end of this year, India is scheduled to join the select club of countries where 5G technology has already been introduced, such as the US, Canada, the UK, and several European Union countries.
“In a comprehensive note submitted to a parliamentary committee recently, the Department of Telecommunications (DoT), under the Ministry of Communications, stated that “the basic timeline” for the implementation of 5G technology in India is “by the end of 2021.
According to Jain, MediaTek has come up with a wide range of products suitable for the connected device ecosystem, considering the rising demand from OEMs for chipsets that offer performance and energy efficiency.
“The latest is the SoC MediaTek Dimensity series, designed to provide 5G smartphones with cutting-edge performance. The UltraSave power-saver technology, dual 5G SIM capabilities with 2CC Carrier Aggregation, AI and multimedia upgrades, and more, are main features of the SoC “IANS told Jain.
Along with intelligent devices such as digital smart TV, Blu-ray and DVD, wireless routers, wearables, voice-assisted devices, AIoT and automotive products, the Indian market has great opportunities for technology adoption across the smartphone segment, allowing an unrivalled connectivity experience across multiple channels.
“MediaTek is in a position to further improve its foothold in India with the new PLI scheme announced as part of the Aatmanirbhar Bharat initiative,” Jain stressed.
Electronics is a prime focus area for manufacturing under the PLI scheme.
“To create products and solutions, we partner with leading industry players. Innovative and new-age Artificial Intelligence of Things (AIoT) solutions, including camera solutions, home automation solutions and voice assistant devices/smart speakers, are planned, built and created by players such as VVDN technologies “He told himself.
The MediaTek India head said that going forward, the company will build on more collaborations with them to develop innovative solutions to address the needs of society.
“We are in the process of developing a new set of home and office Artificial Intelligence of Things (AIoT) solutions. They include camera solutions, solutions for home automation and smart speakers, “Said Jain.
MediaTek plans to expand the manufacturing capacity of chipset solutions dedicated to these applications in anticipation of the broader implementation of 5G by the end of next year.
“For the launch of 5G in India, the availability of spectrum and supporting infrastructure such as fibre networks are important. If the 5G spectrum auction is introduced in India, it will gain traction “And he added.