GREATER NOIDA: Prime Minister Narendra Modi on Wednesday set an bold goal of greater than trebling electronics manufacturing in India to $500 billion in six years and steered all the manufacturing will likely be within the nation, arguing India is not going to solely make their semiconductor chips but in addition completed merchandise.
“Within the Twenty first-century Bharat, the chips are by no means down! At present’s Bharat assures the world – When the chips are down, you may guess on India!” PM informed trade leaders at SEMICON India 2024 as he sought to place India as a producing base and funding vacation spot.He mentioned India’s ambition is to “do no matter it takes to grow to be a semiconductor powerhouse” of the world.
Modi mentioned India’s time to guide the ‘Silicon Diplomacy‘ has arrived, as he flagged the over Rs 1.5 lakh crore investments in semiconductor manufacturing and design that can see the nation emerge as a trusted accomplice for supplying the coveted chips the world over. The feedback got here amid wariness within the enterprise neighborhood in China.
Modi mentioned the optimistic energy of know-how is amplified when it’s mixed with democratic values, and reaffirmed India’s concentrate on making a world that continues to be practical even in occasions of disaster. “India’s semiconductor ecosystem is an answer not only for India’s challenges but in addition for international challenges… Our dream is that each machine on the earth could have an Indian-made chip,” he mentioned.
He highlighted India has been chosen as vice chair of Indo-Pacific Financial Framework’s Provide Chain Council and is a key accomplice within the QUAD Semiconductor Provide Chain Initiative. “Moreover, agreements have been signed with international locations like Japan and Singapore, and India is deepening its cooperation with the US within the semiconductor sector.”
He mentioned govt has made particular efforts to make sure it offers not simply monetary incentives to corporations investing in semiconductors, but in addition provides them ease of doing enterprise.
The PM additionally mentioned semiconductor chips usually are not simply restricted to know-how in India however have additionally grow to be instrumental in fulfilling the aspirations of residents by way of initiatives comparable to digital public infrastructure (DPI).
“Within the Twenty first-century Bharat, the chips are by no means down! At present’s Bharat assures the world – When the chips are down, you may guess on India!” PM informed trade leaders at SEMICON India 2024 as he sought to place India as a producing base and funding vacation spot.He mentioned India’s ambition is to “do no matter it takes to grow to be a semiconductor powerhouse” of the world.
Modi mentioned India’s time to guide the ‘Silicon Diplomacy‘ has arrived, as he flagged the over Rs 1.5 lakh crore investments in semiconductor manufacturing and design that can see the nation emerge as a trusted accomplice for supplying the coveted chips the world over. The feedback got here amid wariness within the enterprise neighborhood in China.
Modi mentioned the optimistic energy of know-how is amplified when it’s mixed with democratic values, and reaffirmed India’s concentrate on making a world that continues to be practical even in occasions of disaster. “India’s semiconductor ecosystem is an answer not only for India’s challenges but in addition for international challenges… Our dream is that each machine on the earth could have an Indian-made chip,” he mentioned.
He highlighted India has been chosen as vice chair of Indo-Pacific Financial Framework’s Provide Chain Council and is a key accomplice within the QUAD Semiconductor Provide Chain Initiative. “Moreover, agreements have been signed with international locations like Japan and Singapore, and India is deepening its cooperation with the US within the semiconductor sector.”
He mentioned govt has made particular efforts to make sure it offers not simply monetary incentives to corporations investing in semiconductors, but in addition provides them ease of doing enterprise.
The PM additionally mentioned semiconductor chips usually are not simply restricted to know-how in India however have additionally grow to be instrumental in fulfilling the aspirations of residents by way of initiatives comparable to digital public infrastructure (DPI).
