India is welcoming Prime Minister Narendra Modi’s pitch to position the country as a leading hub for chip-making, offering global investors a trusted partner for their supply chains.
During the inaugural session of Semicon India 2023, the Prime Minister highlighted the shift in perception towards investing in India, emphasizing the abundant opportunities available in the country for business growth.
Modi stressed the importance of moving quickly in the chip-making industry to gain a competitive advantage, urging investors to take advantage of the opportunities in India.
With the world recovering from the effects of the pandemic and geopolitical conflicts, Modi emphasized the need for a reliable and affordable supply chain for semiconductors, positioning India as a stable and reform-oriented partner for global investors.
India’s booming digital and electronics sector, driven by a growing middle class and improving infrastructure, presents significant growth opportunities for the semiconductor industry.
The Prime Minister highlighted India’s impressive growth in electronic production and exports, showcasing the country’s potential as a key player in the global semiconductor market.
India’s strong talent pool, infrastructure development, and supportive policy reforms make it an attractive destination for semiconductor companies, with the government providing financial assistance and fostering global cooperation in electronics.
Modi reiterated India’s commitment to meeting the needs of the semiconductor industry, emphasizing collaboration with private companies to drive success in various sectors, including space and geospatial technology.
