Web Desk
Prime Minister Narendra Modi has laid out an ambitious vision for India’s semiconductor industry during his address at Semicon India 2024. He emphasized that the government’s dream is to have Indian-made semiconductor chips in every electronic device globally. This vision reflects India’s growing focus on boosting its domestic semiconductor production capabilities as part of its broader “Make in India” initiative.
India has long been a hub for software development, but semiconductor manufacturing has remained a challenge due to its complexity and the investment required. However, PM Modi’s government has been working to create an ecosystem that fosters innovation and production in this critical sector. This includes partnerships with global technology companies, incentives for domestic manufacturers, and investments in research and development.
Modi’s vision is not just about economic growth but also about strengthening India’s position in global technology supply chains. With the global chip shortage highlighting the need for diversified sources, India’s push for semiconductor self-reliance comes at a pivotal moment. The Prime Minister’s speech at Semicon India 2024 has further solidified India’s commitment to becoming a significant player in the semiconductor industry.
