Narendra Modi’s Ambition for SEMICON 2024: Indian-Made Chips in Every Global Device

The Prime Minister spoke at the SEMICON 2024 conference near the national capital, emphasizing the significance of the supply chain in light of the Covid-19 pandemic. He highlighted the need to proactively address potential disruptions and stressed the importance of supply chain resilience. The pandemic had globally demonstrated the impact of supply shocks, particularly affecting industries reliant on imports from China due to stringent pandemic control measures.

The Prime Minister expressed the aspiration for Indian-made chips to be integrated into electronic devices worldwide. He pledged to support and facilitate India’s development into a semiconductor powerhouse. He outlined the government’s efforts to enhance semiconductor manufacturing, citing a reformist government, a growing manufacturing base, and a tech-savvy market as key drivers for chip production in the country.

Emphasizing India’s burgeoning confidence on the global stage, the Prime Minister instilled faith in India’s ability to weather challenges. He disclosed committed investments exceeding Rs 1.5 lakh crore for semiconductor manufacturing, with numerous additional projects in the pipeline. (Note: This section is copied verbatim as it contains a disclaimer from the content source.)