PM Modi news, In a significant advancement toward positioning India as a global semiconductor hub, Prime Minister Shri Narendra Modi ceremonially initiated foundational works for three prodigious semiconductor projects, aggregating an investment of approximately Rs 1.25 lakh crores. This monumental event, dubbed ‘India’s Techade: Chips for Viksit Bharat,’ unfolded through a video conferencing platform, underscoring the government’s unwavering commitment to fostering technological self-reliance and innovation.
India is set to become a prominent semiconductor manufacturing hub
The projects inaugurated include a Semiconductor fabrication facility nestled within the Dholera Special Investment Region (DSIR), Gujarat, alongside two Outsourced Semiconductor Assembly and Test (OSAT) facilities one located in Morigaon, Assam, and the other in Sanand, Gujarat. This initiative is foreseen as a pivotal stride toward actualizing India’s ambition to emerge as a prominent player in the global semiconductor arena.
PM Modi, in his address, highlighted the historic nature of the occasion, emphasizing the vital role these projects would play in establishing India as a semiconductor hub. The Prime Minister’s discourse resonated with optimism, particularly noting the enthusiastic virtual turnout of significant figures from the global semiconductor industry, including stalwarts from Taiwan. He articulated a vision of India galvanizing towards attaining technological sovereignty, thereby fostering an ecosystem conducive to innovation and self-sufficiency.
In an era pronounced by technological advancements, PM Modi underscored the crucial role of semiconductors, championing the paradigm of ‘Made in India’ and ‘Designed in India’ chips as cornerstones for national progress. The narrative further included an insightful retrospection into India’s historical missed opportunities in spearheading industrial revolutions, juxtaposed with a renewed resolve to lead the charge in the fourth industrial era.
The semiconductor initiative is posited not just as a venture in industrial manufacturing but a comprehensive ecosystem anticipated to usher in expansive employment opportunities, particularly energizing the youth demographic. PM Modi detailed the far-reaching implications of semiconductors across varied sectors, emphasizing the integration of this industry into the broader vision of fostering an environment ripe for innovation and entrepreneurship.
The Prime Minister meticulously outlined the foundational steps taken by his government to facilitate this vision, including significant policy reforms aimed at enhancing Ease of Doing Business, liberalizing Foreign Direct Investment (FDI) norms across critical sectors, and deploying targeted schemes to bolster electronics and IT hardware manufacturing. These concerted efforts are propelling India towards becoming a key node in the global e-hardware manufacturing panorama, notably achieving the distinction of being the second-largest mobile manufacturer worldwide.
The address also commemorated the unfolding of India’s Quantum Mission, augmenting the country’s capacities in Artificial Intelligence (AI), thereby signaling a shift not just towards technology adoption but technological advancement. PM Modi characterized the semiconductor ventures as monumental in providing the youth with not merely jobs but careers infused with advanced technological engagements, thereby heralding a new era of tech entrepreneurship and innovation.
The narrative expounded on India’s strategic policy directions and infrastructural commitments, as elucidated through the unveiling of ‘India’s Techade’ initiative. PM Modi specifically referenced India’s agile policy environment and substantial infrastructural investments, concluding with a homage to the country’s burgeoning self-reliance in technology and defense sectors.
In conclusion, the foundation stone laying for the trio of semiconductor facilities marks a watershed moment in India’s technological emancipation and economic strategy. It’s a bold step towards realizing the visionary goal of establishing India as a global nucleus for semiconductor design, manufacturing, and technology development, aligning with the broader objectives of employment generation and economic vigour. This initiative is set against the backdrop of an emergent global need for robust semiconductor supply chains, with India poised to seize a strategic role in this vital sector.
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