New Delhi. Prime Minister Narendra Modi on Tuesday said that the country has the potential to become a reliable partner in the diversified semiconductor supply chain and the government will follow a favourable and stable policy framework. Prime Minister Modi said this in a round table meeting of top officials and experts of the semiconductor sector at his official residence. He said that the views of the participants in the meeting will shape not only their business but also the future of India.
According to a statement issued by the Prime Minister’s Office, Prime Minister Modi described the future as technology-driven and said that semiconductors are the basis of the digital age and the day is not far when the semiconductor industry will prove to be the foundation for basic needs as well. He emphasized that democracy and technology together can ensure the welfare of humanity and India is moving ahead on this path while recognizing its global responsibility in the semiconductor sector.
Modi emphasised that India has the potential to become a reliable partner in the diverse semiconductor supply chain. He also mentioned the presence of talent in India and the government’s strong focus on skills to ensure availability of trained workforce.
He said that India’s focus is on developing globally competitive products. He said that India is a huge market for investment in high-technology infrastructure and the enthusiasm of the giants of the semiconductor sector will inspire the government to work harder for this sector. Prime Minister Modi assured the representatives of the semiconductor sector that the government will follow a favorable and stable policy regime. He said that with a focus on ‘Make in India’ and ‘Make for the World’, the government will continue to support the industry at every step.
The Chief Executive Officers (CEOs) present in the meeting appreciated India’s commitment to the development of the semiconductor sector and talked about the immense growth and future scope of the semiconductor industry. The CEOs of the semiconductor sector said that the center of gravity of this industry has started shifting towards India and the favorable environment here has put India on the global map in the semiconductor sector.
The meeting was attended by CEOs, heads and representatives from various organisations including SEMI, Micron, NXP, PSMC, IMEC, Renesas, TEPL, Tokyo Electron Limited, Tower, Synopsys, Cadence, Rapidus, Jacobs, JSR, Infineon, Advantest, Teradyne, Applied Materials, Lam Research, Merck, CG Power and Kens Technology. Professors from Stanford University, University of California San Diego and Indian Institute of Technology (IIT) Bhubaneswar were also present in the meeting.