India Semiconductor Association (ISA) and Frost & Sullivan said on Wednesday that the semiconductor market in India has grown beyond the industry expectations.
In its latest report unveiled here, the trade body, together with the research firm, said that the market grew by 28.3 per cent in 2010, and projects it to be $9.86 billion by 2012.
Pradip K Dutta, chairman, ISA, said there is a lot of growth happening in semiconductor space and they are working closely with the department of information technology (DIT).
“Local manufacturing of telecom equipment is one of the growth drivers for semiconductor industry,” he said. Dutta also said that the industry should look at domestic manufacturing.
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