India's Semiconductor Surge: Modi's Vision for a Chip-Powered Future

Prime Minister Narendra Modi emphasized the importance of resilient supply chains for the economy and advocated for boosting investments in domestic semiconductor manufacturing. Speaking at the SEMICON 2024 conference, Modi highlighted India's strategic moves to become a global semiconductor powerhouse and set ambitious goals for the sector.

Prime Minister Narendra Modi has underlined the crucial role of resilient supply chains for economic stability while pushing for heightened investments in domestic semiconductor manufacturing. Speaking at the SEMICON 2024 conference near the capital, Modi stressed that the COVID-19 pandemic showcased the need for reliable supply chains and the severe impact of disruptions.

Modi proudly pointed out India's significant strides in building a resilient supply chain across various sectors and highlighted the country's reformist policies, technology-friendly market, and manufacturing capabilities. The Prime Minister urged global investors to seize the opportunity offered by India's burgeoning semiconductor industry.

With initiatives like a Rs 76,000 crore program to attract chipmakers, partnerships with global tech giants, and substantial government support, India's semiconductor market is poised for exponential growth. Modi's vision aims for a self-reliant India that plays a pivotal role in the global semiconductor landscape.

(With inputs from agencies.)