Prime Minister Narendra Modi aims for India to lead global electronics. He wants every device to have an Indian-made chip. He also plans for 100% electronic manufacturing within the country.
At the ‘Semicon India 2024’ event in Greater Noida, Modi said chips in India symbolize more than just technology. They represent the aspirations of millions.
India’s Key Role in Semiconductors
India consumes a vast amount of semiconductor chips. Modi highlighted the country’s top-tier digital infrastructure built on this technology. He cited UPI, Rupay, DigiLocker, and DigiYatra as examples of chips powering last-mile delivery.
He emphasized India’s growing role in the semiconductor industry. The government offers 50% financial support for semiconductor manufacturing. State governments are also contributing.
These policies have already attracted investments of over Rs 1.5 lakh crore. More projects are on the way, Modi said.
Plans for Research and Future Growth
Modi announced plans to establish a semiconductor research center. It will be set up at the Indian Institute of Space Sciences with IITs. The center will develop next-generation chips.
He urged those who doubt India’s focus on semiconductors to look at Digital India’s success. He noted reforms and infrastructure changes that made mobile handsets and data affordable.
Electronics Sector to Reach $500 Billion
India’s electronics sector is now worth over $150 billion. Modi aims to grow this to $500 billion and create 6 million jobs by the end of the decade.
“Our goal is 100% electronic manufacturing in India. We will make the chips and the finished products,” he declared.
Modi stressed that India aims to keep the world moving, even during crises, with its focus on electronics and semiconductors.
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