Semicon India 2024 / India will play a big bet in semiconductors, PM Modi made this announcement

Semiconductors are a key requirement of the future. At Semicon India 2024, PM Narendra Modi announced an investment of Rs 1.5 lakh crore to boost India's semiconductor manufacturing. His dream is to have an Indian-made chip in every electronic device.

Vikrant Shekhawat : Sep 11, 2024, 06:20 PM

Semicon India 2024: In today's digital age, the important role of semiconductors cannot be denied. Semiconductors have a fundamental place in technological advancements such as smartphones, electric vehicles, and artificial intelligence (AI). Prime Minister Narendra Modi has made an important announcement today regarding India's role in this field, which will not only shape India's technological future but will also give a new direction to the global supply chain.

India's semiconductor revolution: PM Modi's vision

Prime Minister Narendra Modi shared his vision to promote semiconductor manufacturing on the platform of "Semicon India 2024". He said, "Our dream is that every electronic device in the world should have a chip made in India." This statement clarifies India's ambitious plan, in which work is being done towards making the country a major player in the global semiconductor market.

Impact of COVID-19 increased the importance of semiconductors

Prime Minister Modi pointed to the disruptions in the semiconductor supply chain during the COVID-19 pandemic. He said, "COVID-19 highlighted the need for semiconductors and their supply chain. The world faced a supply chain crisis, which affected supplies." The steps taken by China to prevent the spread of COVID affected global semiconductor supplies, and this made other countries, including India, realize the need to become self-reliant in this sector.

India's competitiveness and investment direction

The Prime Minister said that India is moving rapidly towards competitiveness in various sectors. He said, "India is working to develop competitiveness in many sectors in its economy." The government has formulated stable policies and created a strong foundation from a technological perspective to encourage investment in the field of semiconductor manufacturing.

Concept of "Three-D Power"

Prime Minister Modi emphasized on the concept of "Three-D Power" to promote semiconductor manufacturing. It includes three important elements:
Stable policies: Stability in policymaking and a long-term vision.
Strong manufacturing base: Development of manufacturing facilities and technology.
Technology adoption by aspirational markets: Coordination of market needs and technological innovation.

India's goal of self-reliance

Prime Minister Modi informed about the steps taken towards India's self-reliance. He said that more than Rs 1.5 lakh crore has already been invested in the semiconductor sector, and many important projects are in the pipeline. Through this investment, India is not only enhancing its indigenous capabilities but also ensuring an important place in the global semiconductor supply chain.

Future direction

According to Prime Minister Modi, "Today's India inspires confidence in the world. When difficulties arise, you can rely on India." This statement reflects a significant step towards India's self-reliance and global leadership in the technological sector. India's investments and progress in the semiconductor sector will strengthen the country's position in global competition and provide significant economic and technological advantages in the years to come.

Thus, India's semiconductor sector is building a strong foundation to meet future technological requirements, and PM Modi's announcement is a major step in this direction. This effort will lead towards making India a major player on the global technological map.