At the Semicon India Conference, PM Modi stated that India is ready for global leadership in the semiconductor industry. The government will soon introduce new reforms and create a better environment to attract investors.
PM Modi's Speech: Speaking at the Semicon India Conference, Prime Minister Narendra Modi said that the world trusts India today, and this trust will propel the nation to new heights in the semiconductor sector. He made it clear that India is fully prepared to play a leading role in the global semiconductor ecosystem. The Prime Minister announced that the government is set to launch 'Next Generation Reforms' soon to accelerate this sector, which will provide a new dimension to investment and innovation in the country.
India's Semiconductor Vision
At the conference, PM Modi asserted that 'Made in India' chips will set new technological benchmarks worldwide in the future. He emphasized that even the smallest chip manufactured in India has the potential to bring about the biggest change globally. With this statement, he conveyed that India will not only become self-reliant in semiconductor manufacturing but will also lead the technological world.
He stated that India's aim is not just to consume technology but to become its manufacturer and supplier. To achieve this, the government will provide new reforms, better policies, and modern infrastructure to attract investors.
PM Modi's Indirect Jab at Trump
During his address, PM Modi made a significant statement regarding economic growth. He said that despite "challenges arising from economic self-interest," India's economy achieved a record growth of 7.8 percent in the first quarter of this financial year.
India's Strong GDP Despite Economic Challenges
The Prime Minister highlighted that while the entire world is grappling with economic slowdown and global slowdown challenges, India, by achieving a GDP growth rate of 7.8 percent, has proven that the country's economy is robust and sustainable.
He added that this growth is not merely a play of numbers but a result of India's policies, reforms, and b domestic demand. Modi appealed to investors to become partners in India's growth journey, as this period brings golden opportunities for the nation's economy.
Better Environment for Investment in India
Modi stated that the government is bringing policy reforms for the semiconductor sector, which will provide an attractive environment for both foreign and domestic companies to invest. India aims to become a Global Hub in semiconductor manufacturing and leave its mark in every sector, from electronics to automobiles.
He informed that by focusing on Ease of Doing Business, Infrastructure Development, and Skilled Workforce, the government is set to make India the most attractive destination in the world for investors.
India's Global Role in the Semiconductor Sector
The Prime Minister said that India's goal is not just to meet domestic demand but to become a leading country supplying semiconductors to the world. For this, the government is working on research and development, new technologies, and a robust supply chain.
Modi stated that the future of the semiconductor industry lies in India's hands, and in the coming years, India will not only become self-reliant in this sector but will also provide new direction to the world in technology and manufacturing.
