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India Will Support Semiconductor Industry At Every Step: PM Modi

Inc42 · 11m ago

India Will Support Semiconductor Industry At Every Step: PM Modi

Prime Minister Narendra Modi, while chairing a roundtable with semiconductor executives, emphasized the Indian government's commitment to a predictable and stable policy regime. He highlighted that reducing compliance burden and attracting investment are the key principles of the Centre's semiconductor policy. The Indian semiconductor ecosystem is expected to reach a market size of $150 billion by 2030, reflecting the growing significance of the sector.

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'Tata's Gujarat semi-conductor unit to create 50,000 jobs': Chandrasekaran to PM Modi from Dholera

Economic Times

Economic Times · 1y ago

'Tata's Gujarat semi-conductor unit to create 50,000 jobs': Chandrasekaran to PM Modi from Dholera

Prime Minister Narendra Modi has taken a significant step towards advancing India's semiconductor industry by virtually laying the foundation of three semiconductor fabrication facilities. The facilities are set to be established in Gujarat and Assam, with two in Gujarat and one in Assam. This move is expected to boost India's pursuit of becoming self-reliant in the semiconductor sector.

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.

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.

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.

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.

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

Economic Times

Economic Times · 11m 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.

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.

PM Modi: Launch of PARAM Rudra Supercomputers opens new opportunities for India

Livemint

Livemint · 11m ago

PM Modi: Launch of PARAM Rudra Supercomputers opens new opportunities for India

Prime Minister Narendra Modi has launched three PARAM Rudra supercomputers as part of India's National Supercomputing Mission. The advanced systems will support scientific research in areas such as weather forecasting, climate modeling, chemical discovery, materials science, and artificial intelligence. The supercomputers have been deployed in Pune, Delhi, and Kolkata and are aimed at enhancing India's computing infrastructure. Modi emphasized the importance of science and self-reliance and allocated ₹1 lakh crore to the research fund in this year's budget. The launch of these supercomputers represents a significant step in India's technological development.

India outstanding destination for investment in mobility sector: PM Modi

YourStory

YourStory · 7m ago

India outstanding destination for investment in mobility sector: PM Modi

Prime Minister Narendra Modi highlighted India's potential as a prime destination for investment in the mobility sector during the Bharat Mobility Global Expo 2025. Emphasizing green technology and the 'Make in India' initiative, Modi underscored the government's support for innovation in EVs, hydrogen, and biofuels. He also noted the success of the PLI scheme, job creation, and infrastructure development. Modi encouraged investment in India's automotive industry, predicting significant growth in sales and exports.

PM Modi's Semicon India 2024 speech fuels rally in semiconductor stocks

Money Control

Money Control · 11m ago

PM Modi's Semicon India 2024 speech fuels rally in semiconductor stocks

The Indian government has partnered with 113 universities, academic institutions, and R&D organizations to develop a curriculum focused on semiconductors. Prime Minister Narendra Modi emphasized India's commitment to building and growing its semiconductor infrastructure during the Semicon India 2024 event. The government aims to increase the number of semiconductors produced in the country and develop a strong talent pool of 85,000 engineers and technicians. Industry executives have commended India's commitment and believe that the country is becoming a significant player in the semiconductor sector.

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