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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.

Related News

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

Economic Times

Economic Times · 13d 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.

Semiconductor Fabs Will Boost India’s Tech Self-Reliance: Modi

Inc42 · 1y ago

Semiconductor Fabs Will Boost India’s Tech Self-Reliance: Modi

The Indian government has approved the establishment of three semiconductor plants, including a mega fab by Tata Group, with a total investment of INR 1.26 lakh crore. Prime Minister Narendra Modi stated that these units will enhance India's journey to technological self-reliance and position the country as a global hub in semiconductor manufacturing. The Tata Group will partner with Taiwan's Powerchip Semiconductor Manufacturing Corp to set up a semiconductor fab in Gujarat. Two other semiconductor proposals by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) and CG Power-Renesas have also been approved. Additionally, Samsung has unveiled a new semiconductor research and development facility in Bengaluru.

From AI To Defence Tech, PM Narendra Modi Pitches For Tech Autonomy

Inc42 · 6d ago

From AI To Defence Tech, PM Narendra Modi Pitches For Tech Autonomy

Prime Minister Narendra Modi emphasized the importance of tech autonomy in his Independence Day address, urging India's youth to innovate across sectors like AI, defence tech, and pharmaceuticals for self-reliance. He highlighted the crucial role of the country's startup ecosystem in achieving this goal. To support startups and MSMEs, Modi announced the establishment of a task force aimed at reducing compliance burdens and implementing next-generation reforms, promoting self-reliance beyond traditional economic measures.

'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.

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: 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.

Reversing Brain Drain Is Crucial For India's Tech Self-Reliance: IIT Madras'

OutlookIndia

OutlookIndia · 5m ago

Reversing Brain Drain Is Crucial For India's Tech Self-Reliance: IIT Madras'

Veezhinathan Kamakoti, Director of IIT Madras, emphasizes the importance of reversing brain drain for India's tech self-reliance. With foreign-trained Indian professionals eager to return home, this reverse brain drain is crucial, particularly in semiconductor and fabrication sectors. India's goal of achieving self-reliance depends on encouraging these experts to contribute their global experience domestically, thereby bridging critical knowledge gaps and enhancing the country's technological capabilities.

Startup India propelled country to become one of the most vibrant startup ecosystems: PM Modi

YourStory

YourStory · 7m ago

Startup India propelled country to become one of the most vibrant startup ecosystems: PM Modi

Prime Minister Narendra Modi celebrated the ninth anniversary of the 'Startup India' initiative, emphasizing its role in transforming India into a leading global startup ecosystem. He highlighted the programme's impact on youth empowerment by turning innovative ideas into successful businesses across sectors like technology, healthcare, and sustainable energy. Modi reaffirmed the government's commitment to fostering entrepreneurship through supportive policies and infrastructure, encouraging more young people to engage in the startup ecosystem to further India's self-reliance and economic growth.

About 10 crore new women have joined self-help groups: PM Modi

YourStory

YourStory · 1y ago

About 10 crore new women have joined self-help groups: PM Modi

Prime Minister Narendra Modi emphasized the positive impact of self-help groups on women empowerment in India. He highlighted that around 100 million women have joined these groups, leading to their economic self-reliance and active participation in family decision-making. Modi also praised the success of Indian CEOs worldwide and drew a parallel to the achievements of women in these self-help groups, often referred to as "Lakhpati Didis" (millionaire sisters). The government has allocated substantial funds, with Rs 9 trillion already provided, to support these women's self-help groups.

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