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Prime Minister Narendra Modi marked a significant milestone on Wednesday by laying the foundation stones for three new semiconductor plants, a stride towards positioning India as a global leader in semiconductor manufacturing. The projects, collectively valued at Rs. 1.25 lakh crore, encompass two plants in Gujarat and one in Assam, with Tata Group spearheading two of these ventures.
India’s Techade: Pioneering Chips for Viksit Bharat
At the ‘India’s Techade: Chips for Viksit Bharat’ event, Prime Minister Narendra Modi expressed great hope about how the semiconductor projects could change things. He said, “Today is a big day. We’re not just making history; we’re also moving forward to a better future. This will make India a global center for semiconductor manufacturing.
India is poised to become a world leader in semiconductors. pic.twitter.com/z3IH8asyV2
— Narendra Modi (@narendramodi) March 13, 2024
Nascent Semiconductor Industry Eyes Global Prominence
The semiconductor industry in India remains in its nascent stage, attracting attention from both local and multinational corporations eager to leverage its immense potential for growth and innovation.
Strategic Significance of Semiconductor Manufacturing
Highlighting the strategic importance of India’s foray into semiconductor production, PM Modi emphasized the need for a robust and resilient supply chain, particularly in light of the challenges posed by the COVID-19 pandemic. “India commits, India delivers, and democracy delivers. The Prime Minister said that only a handful of countries make semiconductors, and the pandemic showed us that the world needs a dependable supply chain. India wants to be a key part of this.
A Vision for India’s Technological Ascendancy
PM Modi reiterated India’s commitment to self-reliance and technological advancement through indigenous chip production. “India is already strong in space, nuclear, and digital technologies, and now we’re stepping into commercial semiconductor production. It won’t be long before India becomes a major player in this field,” he confirmed
India’s reforms and efforts to promote semiconductors offer many opportunities for the youth. pic.twitter.com/1WzfM170xA
— Narendra Modi (@narendramodi) March 13, 2024
Pioneering Industry 4.0
Reflecting on India’s historical trajectory and its emergence as a frontrunner in Industry 4.0, PM Modi highlighted the pivotal role of electronic chips in shaping the 21st century. In the 21st century, technology plays a crucial role, and electronic chips are vital for its operation.
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Developing chips manufactured and designed in India is a step towards self-sufficiency and advancement,” he affirmed
