$18-bn worth 10 semicon projects in progress
Country advancing towards next phase of India Semiconductor Mission, revamping design-linked incentive scheme to tap $1-trn global chip market: PM Modi
image for illustrative purpose
New Delhi: Prime Minister Narendra Modi on Tuesday said 10 semiconductor projects worth over $18 billion are underway and the country is advancing towards the next phase of the India Semiconductor Mission and revamping the design-linked incentive scheme to tap the $1 trillion global chip market.
“The day is not far when the smallest chip made in India will drive the biggest change in the world,” he said. “The day is not far when the world will say -- Designed in India, Made in India, Trusted by the World.” He was speaking at the inauguration of the ‘Semicon India - 2025’ conference, aimed at catalysing India’s semiconductor ecosystem, here. Noting the presence of semiconductor sector experts from across the globe, with representation from around 50 countries, Modi emphasized that India’s innovation and youth power are also visibly present at the event. This unique combination, he said, sends a clear message -- “The world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India”. Stating that in the world of semiconductors, it is often said, ‘Oil was black gold, but chips are digital diamonds’, the Prime Minister said that while oil shaped the previous century, the power of the 21st century is now concentrated in the small chip.
