Ministry of Electronics and IT will start setting up Bharat Semicoductor Research Centre from next year in collaboration with the industry and academia, minister of state Rajeev Chandrasekhar said on Friday.

The minister said that Prime Minister Narendra Modi's vision is that Indians should be involved in the leadership of semicoductor research.

"A group of top minds in semicoductor around the world and country have sat together to design the Bharat Semicoductor Research Centre," Chandrasekhar told PTI after the experts' panel submitted its report.

He said that the proposed Bharat Semicoductor Research Centre will be a global institution in semicoductor research.

"The design, area in which it should focus etc. have all been today authored and put in a high quality report by the experts. I'm hopeful that in the year 2024, we should have the beginning of this institution taking shape," Chandrasekhar said.

He said that Bharat Semicoductor Research Centre will become one of the leading semicoductor research institutes in the next 4-5 years.

The minister said there will be no constraint in the investment that the institution will need.

When asked if the investment will be in the form of grants or equity for IPRs (intellectual property rights) that will be developed at the institution, the minister said that the decision on the nature of government investment will be decided later.

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