Prime Minister Modi Lays Foundation for ₹1.25 Lakh Crore Semiconductor Plants in Gujarat and Assam

In a momentous occasion aimed at bolstering India’s technological prowess, Prime Minister Narendra Modi inaugurated the foundation laying ceremony for three new semiconductor plants on Wednesday. The ambitious projects, collectively valued at ₹1.25 lakh crore, are poised to catapult India into the global arena of semiconductor manufacturing, with the Tata Group leading two of these groundbreaking ventures.

Addressing attendees at the ‘India’s Techade: Chips for Viksit Bharat’ event, Prime Minister Modi expressed profound optimism regarding the transformative potential of these semiconductor projects. “Today is going to be a historic day. We are not only scripting history today but also taking a step forward towards a bright future. This will help in making India a global hub for semiconductor facility,” PM Modi declared.

India’s semiconductor industry, albeit in its nascent stage, has attracted significant interest from both local and multinational companies seeking to tap into its vast potential. Emphasizing the strategic importance of India’s foray into semiconductor manufacturing, PM Modi highlighted the necessity of a robust and resilient supply chain, particularly in light of the challenges posed by the Covid-19 pandemic.

“India commits, India delivers, and democracy delivers. There are only a few countries in the world that are manufacturing semiconductors, and Covid-19 has taught us that the world needs a reliable and resilient supply chain. India is eager to play a crucial role in this,” the prime minister affirmed.

Asserting India’s ambitions, PM Modi emphasized the country’s commitment to self-reliance and modernity through indigenous chip production. “India is already a space, nuclear, and digital power, but we will also start the commercial production of semiconductor products. That day is not far when India will also become a global power in this sector,” he declared.

In a nod to India’s technological progress, PM Modi underscored the significance of embracing Industry 4.0, asserting, “Due to various reasons, India was left behind during the first and the second industrial revolutions. However, India is pioneering Industry 4.0 with confidence.”

As the world hurtles towards an increasingly technology-driven future, PM Modi reiterated India’s commitment to self-sufficiency and modernization through the production of indigenous chips. “The 21st century is a technology-driven century and cannot be imagined without electronic chips. Made In India Chip, Designed In India Chip, will take India towards self-reliance and modernity,” he affirmed, echoing India’s aspirations for technological advancement and global leadership.

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