‘Our Dream is To Have Indian-Made Chip in All Devices in World’ – Modi at Semicon India 2024

Greater Noida, September 11, 2024 – Prime Minister Narendra Modi inaugurated the Semicon India 2024 event, emphasizing that this is the optimal time for global semiconductor industries to invest in India. The three-day conference, themed “Shaping the Semiconductor Future,” aims to position India as a global hub for semiconductor manufacturing.

‘This is the Right Time to Be in India’ – PM Modi

PM Modi declared, “This is the right time to be in India,” underscoring the country’s readiness to support the semiconductor industry with stable policies and ease of doing business.

‘Vision for the Future’ – Indian-Made Chips in Every Device

Modi expressed his desire to have Indian chips in every device, underscoring the nation’s semiconductor ambitions.

Government Support is Unwavering ₹1 Trillion R&D Fund Announced

The Prime Minister announced a ₹1 trillion R&D budget and significant support from national and state governments to increase semiconductor production.

Electronics Sector to Reach $500 Billion

Modi noted that India’s electronics sector, currently valued at over $150 billion, aims to reach $500 billion by the end of the decade, potentially creating around 6 million jobs.

Industry and Government Collaboration

Union Electronics & IT Minister Ashwini Vaishnaw supported Modi’s remarks, noting that the rise of the semiconductor industry matches with the greater aim of democratizing access to technology. Uttar Pradesh Chief Minister Yogi Adityanath also highlighted the state’s successes in becoming a key exporter of consumer electronics.

Global Participation

Industry leaders who support India’s semiconductor sector’s exponential expansion are among the 250 exhibitors and 150 speakers. President of Semiconductor Equipment and Materials International Ajit Manocha stressed the global relevance of India’s semiconductor ambitions.

Semicon India 2024 marks a pivotal moment in India’s journey to becoming a semiconductor powerhouse. With strong government support and a clear vision, India is poised to play a crucial role in the global semiconductor supply chain.