PM Modi hails India’s commitment to chip manufacturing as ‘historic’
PM Modi hails India’s commitment to chip manufacturing as ‘historic’
Prime Minister Narendra Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about Rs1.25 lakh crore.
PM Modi on Wednesday laid the foundation stones for three new semiconductor plants – two in Gujarat and one in Assam.
Valued at 1.25 lakh crore, the projects mark a crucial step towards India’s efforts to emerge as a global hub for semiconductor manufacturing. Tata Group spearheads the two of these groundbreaking ventures
In the midst of addressing the ‘India’s Techade Chips for Viksit Bharat’ event, Prime Minister Narendra Modi expressed optimism over the transformative impact of the semiconductor projects.
PM added that today is going to be a landmark day and we aren’t only scripting history, but also stepping forward towards a bright future. This will facilitate in making India a global hub for semiconductor facility.
The semiconductor industry in India is still in a nascent stage, with various local and multinational companies intending to tap its vast potential.
Underscoring the strategic significance of India’s foray into semiconductor manufacturing, PM Modi underscored the importance of a reliable and resilient supply chain, especially in the wake of challenges posed by the Covid-19 pandemic.
PM added that India commits, India delivers, and democracy delivers. There are only a few countries in the world that are manufacturing semiconductors, and Covid-19 has taught us that the world needs a reliable and resilient supply chain. India is eager to play a crucial role in this.
He further asserted that India is already a space, nuclear and digital power, but we will also start the commercial production of semiconductor products. That day is not far when India will also become a global power in this sector.
PM Modi also reiterated India’s commitment to self-reliance and modernity through indigenous chip production.
Further adding that due to various reasons, India was left behind amidst the first and the second industrial revolutions. However, India is pioneering Industry 4.0 with confidence.
The 21st century is a technology-driven century and cannot be imagined without electronic chips. Made In India Chip, Designed In India Chip, will take India towards self-reliance and modernity.
News Edit K.V.Raman
