Prime Minister Inaugurated SEMICON INDIA 2024: Modi Positions India as an Ultimate Semiconductor Powerhouse

The Prime Minister, Shri Narendra Modi, today officially inaugurated SEMICON INDIA 2024 at the India Expo Mart in Greater Noida, Uttar Pradesh. This program of SEMICON INDIA 2024 will run from 11 September 2024 to 13 September 2024. The theme of the event is “Shaping the Semiconductor Future.” The main objective of this program is to make India’s ambition visible on the world stage. The three-day conference will showcase India’s semiconductor policies. This is a great effort towards making the country’s semiconductor sector a global hub.

SEMICON INDIA 2024: Prime Minister’s vision

Prime Minister Modi’s vision is to establish India as a hub for the design, manufacture, and technology development of semiconductors. After meeting Prime Minister Narendra Modi ahead of the SEMICON INDIA 2024 summit, Micro CEO Sanjay Mehrotra has praised PM Modi’s vision to develop semiconductors in India itself. At the same time, he said that the steps taken by the Prime Minister to encourage the manufacture of semiconductors in India will prove to be beneficial in the future.

We are trying to make India a semiconductor powerhouse, we will do whatever is required for that. In his address, the Prime Minister also said that today’s India inspires confidence in the world. When the situation is bad, you can bet on India.

India plans to boost semiconductor manufacturing

Prime Minister Modi highlighted India’s policies to boost domestic semiconductor production at the SEMICON INDIA 2024 event. He informed that the government is making several efforts to increase manufacturing in the semiconductor sector. He said that India’s focus is to increase the number of semiconductor manufacturing domestically. The government is offering support of up to 50% for setting up manufacturing units of semiconductors. The government’s offer has already attracted an investment of 1.5 trillion.

The Prime Minister also mentioned from the stage of SEMICON INDIA 2024 that India is working towards creating a skilled workforce in the field of semiconductors. The government is preparing a task force of 85000 technicians, engineers, and researchers.

The right time to invest in India

Emphasizing the opportunities available in India, PM Modi said that India is the eighth country to host a major semiconductor event globally. This is the right time to invest in India. India in the 21st century has immense possibilities, and these possibilities will always be better. We want to tell the world that you can bet on India when the chances are low.

Uttar Pradesh Chief Minister Yogi Adityanath and Union Minister for Electronics and Information Technology Ashwini Vaishnaw were also present at the event. UP Chief Minister Adityanath spoke on the strategy and roles of Uttar Pradesh for the development of IT, and semiconductor manufacturing under the leadership of PM Modi.

India’s semiconductor industry is growing rapidly and its size is expected to exceed $55 billion by 2026. The growing demand for smartphones, automotive, and data storage is further accelerating the growth of this industry. In addition, major companies such as AMD, Applied Materials, and Micron Technology are investing in India, which will undoubtedly further boost the growth of this industry.

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