Modi Promotes India as Key Player in Semiconductor Industry

Prime Minister Narendra Modi emphasized India's potential in the semiconductor industry at a high-profile roundtable. He discussed the importance of predictable policies, skilling, and investment in infrastructure. CEOs and academics shared their optimism about India's business-friendly environment and growing influence in the sector.

Prime Minister Narendra Modi underscored India's potential in the semiconductor sector during a high-profile roundtable held at his residence, 7 Lok Kalyan Marg. Modi emphasized that India has the capability to become a trusted partner in the diversified semiconductor supply chain, owing to its stable policy regime.

Chairing the Semiconductor Executives' Roundtable, Modi highlighted that the semiconductor industry would be crucial in the coming, technology-driven era. He outlined India's development pillars including investments in infrastructure, reducing compliance burden, and innovating manufacturing processes. He assured executives of the government's commitment to predictable policy frameworks.

CEOs present at the meeting praised India's commitment and the conducive environment for the semiconductor industry, expressing strong belief in India's potential to become a global powerhouse. The event was attended by executives from leading semiconductor companies and academic experts from institutions like Stanford and IIT Bhubaneswar.

(With inputs from agencies.)