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

Economic Times

Economic Times · 11m 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.

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India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

Inc42 · 11m ago

India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

The Indian Prime Minister, Narendra Modi, has urged the automotive industry to adopt global best practices in India and prioritize green and clean mobility solutions. Modi emphasized the importance of the automotive sector in driving economic growth and highlighted the increasing demand for automobiles. With the Indian automotive industry contributing significantly to the country's GDP, Modi emphasized the need for innovation and sustainable solutions in this sector.

By year-end, 'Made-in-India' semiconductor chips will hit the market: PM Narendra Modi - The Economic Times

Economic Times

Economic Times · 14d ago

By year-end, 'Made-in-India' semiconductor chips will hit the market: PM Narendra Modi - The Economic Times

Prime Minister Narendra Modi announced that India-made semiconductor chips will be available by 2025, promoting technological self-reliance. Emphasizing the nation's focus on semiconductors, AI, and clean energy, Modi highlighted six planned semiconductor units, with four already approved. This initiative aims to reduce import reliance and position India as a global chip manufacturing hub. The announcement aligns with the vision of a developed India by 2047, strengthening sectors like defense and digital infrastructure.

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

Livemint

Livemint · 11m 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 has many possibilities in energy sector in next five years, PM Modi tells investors

YourStory

YourStory · 6m ago

India has many possibilities in energy sector in next five years, PM Modi tells investors

Prime Minister Narendra Modi urged investors to explore opportunities in India's energy sector, emphasizing the country's renewable energy goals of achieving 500 GW capacity and producing 5 million tons of green hydrogen by 2030. Speaking at India Energy Week 2025, Modi highlighted India's strategic position, economic strength, and commitment to global sustainability. He noted India's achievements over the past decade, such as becoming the fifth largest economy and increasing solar capacity significantly, while stressing India's role in driving global growth.

India's growing role in semiconductor manufacturing takes centre stage at Carnegie's Global Technology Summit

Economic Times

Economic Times · 4m ago

India's growing role in semiconductor manufacturing takes centre stage at Carnegie's Global Technology Summit

India is poised to expand its role in the global semiconductor industry, as highlighted at the Carnegie Global Technology Summit. John Neuffer, CEO of the Semiconductor Industry Association, emphasized India’s potential in areas like Printed Circuit Boards amid supply chain diversification. Recent collaborations between the US and India, including the US-India TRUST initiative, emphasize growth in critical technologies. With investment from major Indian conglomerates and supportive policies, India is set to become a significant semiconductor hub.

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.

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

Inc42 · 11m 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.

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.

Chip testing incentives may significantly fall as India chases bigger ambitions

Livemint

Livemint · 11m ago

Chip testing incentives may significantly fall as India chases bigger ambitions

The Indian government is reducing support for semiconductor assembly and testing factories, signaling a shift towards prioritizing higher value-added offerings. The India Semiconductor Mission (ISM) will decrease fiscal support for capital expenditure on setting up outsourced semiconductor assembly and testing (OSAT) factories from 50% to 20%. The government is now looking to prioritize display fabs, chip fabs, and the semiconductor components supply chain. Experts suggest that OSATs will continue to play a crucial role in the semiconductor industry and are expected to develop autonomously in India as business opportunities grow.

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

YourStory

YourStory · 11m 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.

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