Prime Minister Narendra Modi emphasized the importance of semiconductor chip manufacturing in India, stating that it holds the potential to establish the country as a global hub for semiconductors. During a virtual address at the inauguration of semiconductor projects in Gujarat, Odisha, and Assam, PM Modi highlighted how these initiatives are crucial for strengthening the ‘Make in India’ campaign and promoting self-reliance.
PM Modi acknowledged that the semiconductor industry is at the forefront of India’s digital transformation, playing a significant role in advancing the country’s technological future. He noted that the outbreak of COVID-19 has underscored the importance of semiconductor manufacturing in ensuring a robust supply chain.
With the laying of foundation stones for three semiconductor projects worth nearly Rs 1.25 lakh crore, PM Modi expressed optimism about India’s progress in semiconductor production. He highlighted the government’s efforts to streamline business processes, attract foreign investment, and support hardware manufacturing and electronics sectors. The PM also emphasized the role of startups and young professionals in driving innovation in the semiconductor industry.
Reflecting on India’s past ambitions of becoming a semiconductor hub, PM Modi criticized previous governments for not prioritizing long-term investments in the sector. He stressed the need for India to seize the opportunity and emerge as a global leader in semiconductor manufacturing.
The launch of the semiconductor projects aligns with PM Modi’s vision to position India as a leading destination for semiconductor design, manufacturing, and technology development. These initiatives are expected to create employment opportunities and bolster India’s self-sufficiency in the semiconductor industry.
Industry leaders, including Tata Sons chairman N Chandrasekaran, highlighted the importance of self-sufficiency in semiconductor production for national security. Chief Ministers of Assam and Gujarat commended PM Modi’s support for the semiconductor projects, underscoring the significance of chip-making in driving economic growth and technological advancement.
Overall, PM Modi’s push for semiconductor chip manufacturing in India reflects the country’s ambitious goals of becoming a global semiconductor hub. The investments in semiconductor projects underscore India’s commitment to technological advancement, innovation, and self-reliance in the digital age.
