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Day not far when India becomes global semiconductor hub: PM Modi

Economic Times

Economic Times · 1y ago

Day not far when India becomes global semiconductor hub: PM Modi

Indian Prime Minister Narendra Modi laid the foundation stone for India's first commercial semiconductor chip manufacturing foundry, along with two outsourced semiconductor and assembly testing (OSAT) units. These initiatives aim to make India a global semiconductor hub and enhance the country's profile in the global semiconductor value chain. The projects are expected to contribute to various sectors, including automotive, power, electronics, consumer goods, and medical devices. The investments will also bring about the development of an ecosystem of suppliers and related industries. This marks a significant step towards India's goal of establishing commercial chip fabrication capabilities.

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SEMICON India 2024: 5 key takeaways from MP Modi's speech

Livemint

Livemint · 10m ago

SEMICON India 2024: 5 key takeaways from MP Modi's speech

The Indian Prime Minister, Narendra Modi, addressed SEMICON India 2024 and emphasized the importance of supply chain resilience. He highlighted India's investments in semiconductor manufacturing, with a goal to position India as a global hub. Modi also expressed a vision of having Indian-made chips in every electronic device worldwide. He noted the three factors driving India's semiconductor ambitions: a reformist government, a growing manufacturing base, and a tech-savvy market. Modi positioned India as an attractive destination for semiconductor investments, promising to support the country's journey toward becoming a semiconductor powerhouse.

India will play a major role in driving the global semiconductor industry: PM Modi

Economic Times

Economic Times · 10m ago

India will play a major role in driving the global semiconductor industry: PM Modi

Indian Prime Minister Narendra Modi emphasized India's role in driving the global semiconductor industry and creating a resilient global supply chain during his speech at the Semicon India industry conference. He highlighted India's partnerships with countries like the US, Japan, and Singapore in the semiconductor sector. Modi stated that India aims to expand its $150 billion electronics sector to over $500 billion by the end of the decade, creating millions of jobs. He emphasized India's talent pool, research investments, growing data center demand, and commitment to green transition in becoming a semiconductor powerhouse.

India Committed To Becoming A Global Leader In Semiconductor Production: PM Modi

Inc42 · 11m ago

India Committed To Becoming A Global Leader In Semiconductor Production: PM Modi

Prime Minister Narendra Modi, speaking from the Red Fort, addressed the importance of reducing India's dependency on imports and increasing its technological self-sufficiency. He emphasized the need for designing in India for the world, showcasing the country's indigenous design capabilities. Modi also called for transforming India into a global manufacturing hub by utilizing its abundant resources and skilled workforce.

PM Modi pitches India to chip makers, talks of supply chain resilience

YourStory

YourStory · 10m ago

PM Modi pitches India to chip makers, talks of supply chain resilience

Prime Minister Narendra Modi highlighted the importance of resilient supply chains and emphasized the need for investments in domestic semiconductor manufacturing during his speech at the SEMICON 2024 conference. With the Covid-19 pandemic exposing vulnerabilities in global supply chains, the Prime Minister stressed the need for India to develop a strong supply chain in various sectors. He expressed India's ambition to become a semiconductor powerhouse and strive to have an Indian-made chip in every device worldwide. Modi also mentioned the significant investments and projects already underway in semiconductor manufacturing, as well as the goal of boosting India's electronics sector to over $500 billion by the end of the decade.

India Should Lead The Global Online Gaming Sector: PM Narendra Modi

Inc42 · 11m ago

India Should Lead The Global Online Gaming Sector: PM Narendra Modi

Prime Minister Narendra Modi expressed his desire for India to become a leader in online game production during his Independence Day speech. He urged the country's youth to take Indian online games to a global level. Additionally, Modi highlighted the government's decision to allow private players in the space sector, resulting in the emergence of multiple space technology startups.

Semiconductor units will strengthen India's transformative journey for tech self-reliance: PM Modi

Economic Times

Economic Times · 1y ago

Semiconductor units will strengthen India's transformative journey for tech self-reliance: PM Modi

Prime Minister Narendra Modi has announced that the upcoming semiconductor units in India will contribute to the country's journey towards technological self-reliance. The government has approved proposals to establish three semiconductor plants, including a mega fab by Tata Group, with a combined investment of Rs 1.26 lakh crore. The move aims to position India as a global leader in chip manufacturing. Incentives of up to Rs 76,000 crore are being offered to boost domestic semiconductor manufacturing, which is crucial for electronic devices in various sectors. Construction of the approved units is expected to commence within the next 100 days.

PM Modi calls for global framework on cryptocurrencies; ethical use of AI

Economic Times

Economic Times · 1y ago

PM Modi calls for global framework on cryptocurrencies; ethical use of AI

Indian Prime Minister Narendra Modi has called for a global framework on cryptocurrencies and ethical usage of artificial intelligence (AI) during the B20 Summit India 2023. He emphasized the need for a balanced approach that considers the interests of all stakeholders in these technologies. Modi also proposed observing an annual "International Consumer Care Day" and suggested transitioning from carbon credit trading to "green credit." He highlighted India's role in the digital revolution and building a trusted global supply chain.

PM Modi begins five-day tour to Cyprus, Canada and Croatia, 1st foreign visit after Op Sindoor

Economic Times

Economic Times · 1m ago

PM Modi begins five-day tour to Cyprus, Canada and Croatia, 1st foreign visit after Op Sindoor

Prime Minister Narendra Modi embarked on a five-day tour to Cyprus, Canada, and Croatia, marking his first foreign visit after Operation Sindoor. During the G7 Summit in Canada, Modi intends to discuss pressing global issues and the priorities of the Global South with international leaders. He emphasized the importance of thanking partner countries for supporting India in its fight against cross-border terrorism and aims to foster a global understanding to address terrorism in all forms.

PM Modi, Biden Bat For MQ-9B Predator Drone Deal, Building Chip Plant In Kolkata

Inc42 · 9m ago

PM Modi, Biden Bat For MQ-9B Predator Drone Deal, Building Chip Plant In Kolkata

Prime Minister Narendra Modi and US President Joe Biden had a meeting to discuss the MQ-9B Predator drone deal and the establishment of a semiconductor fabrication plant in Kolkata. The focus of the plant will be on advanced sensing, communication, and power electronics for national security, telecommunications, and green energy applications. The initiative will be supported by the India Semiconductor Mission and will involve the manufacturing of infrared, gallium nitride, and silicon carbide semiconductors. The leaders also reaffirmed the comprehensive global and strategic partnership between the US and India.

PM Modi showcases India’s tech prowess during US visit: key takeaways

Economic Times

Economic Times · 9m ago

PM Modi showcases India’s tech prowess during US visit: key takeaways

Indian Prime Minister Narendra Modi recently visited the US to highlight India's growth potential in the technology sector. During his visit, Modi met with Silicon Valley CEOs and government officials to attract investment in India's startup and semiconductor industries. The prime minister emphasized India's innovation-friendly policies and burgeoning market opportunities, which caught the attention and interest of the CEOs. Modi also addressed the Indian American community, discussing India's digital infrastructure and initiatives for domestic semiconductor production. Notable CEOs like Jensen Huang from Nvidia and Sundar Pichai from Google expressed their support and willingness to partner with India in fields like AI and manufacturing.

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