On Friday, Prime Minister Narendra Modi called for India to be a global semiconductor hub based on high technology, high quality, and high reliability.
Making India Semiconductor Hub
Prime Minister Narendra Modi, claiming that the government has created a supportive policy environment for the industry, called on Friday for India to become a global semiconductor hub based on high technology, high quality, and high reliability.
The Prime Minister spoke at the Semicon India-2022 conference’s inauguration. He stated that India had made many reforms to make it easier for businesses. He said that India has a great pool of semiconductor design talent, with up to 20% of all the world’s top chip designers. It is predicted that its semiconductor consumption will exceed $80 billion in 2026 and $110 million in 2030.
Modi stated that India is creating digital infrastructure to connect more Indians than 1.3 billion. He said that India is using digital technology to transform people’s lives in all areas of governance, from health and welfare to empowerment and inclusion.
“In the past, industries were ready to do the work. But the government was like the ‘Not Gate.’ Any input that flows to the ‘Not Gate’ is negated. We understand that there are many compliances, but no ease of doing business. However, we also recognize that the government must be as simple as the ‘And Gate.
He stated that India is looking at ways to increase the industry of semiconductors in India and create indigenous chips.
Modi stated that we are working to unleash the next wave of innovation in data, AI, and other technologies. We have made the odds in your favor by creating a supportive policy environment. We have proven that India is open for business. We are working to connect 60,00,000. We invest in IoT, 5G, and clean energy technologies.