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“India is set to become a prominent semiconductor manufacturing hub”- PM Modi

News Point Bureau by News Point Bureau
March 13, 2024
in Business, Latest News, National
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“India is set to become a prominent semiconductor manufacturing hub”- PM Modi
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PM Modi addressed ‘India’s Techade: Chips for Viksit Bharat’ program and laid the foundation stone for three semiconductor projects worth about Rs 1.25 lakh crores via video conferencing today. The facilities inaugurated today are – Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR), Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Morigaon, Assam and the Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand, Gujarat.  Addressing the occasion, the Prime Minister said that today’s historic occasion is a significant step towards a bright future for India as foundation stones are laid for three major Semiconductor manufacturing projects worth about Rs 1.25 lakh crores in Dholera and Sanand in Gujarat and Moregaon in Assam. “Today’s projects will play a key role in making India a semiconductor hub”, PM Modi said, as he congratulated the citizens for the key initiatives. He noted the virtual presence of semiconductor industry players from Taiwan and expressed excitement for today’s occasion.

The Prime Minister noted that more than 60,000 colleges, universities and educational institutes were connected with this unique event. The Prime Minister termed today’s program as the event of the dreams of the youth of the nation as they are the real stakeholders of the future of India. The youth is witnessing how India is working in a multi-pronged fashion for self-reliance and a strong presence in the global supply chain. “A self-confident youth changes the destiny of the nation”, PM Modi added.

Noting the centrality of electronic chips in the technology-driven 21st century, the Prime Minister said that Made in India and Designed in India chips will play a major role in taking India towards self-reliance and modernization. The Prime Minister said that after missing out on the first three industrial revolutions due to various reasons, India now is moving with an intention to lead Industry 4.0, the fourth industrial revolution. Stressing the need to utilize every second, the Prime Minister presented today’s event as an example of the speed with which the government is working. Explaining the sequence of the strides made in the semiconductor field, the Prime Minister talked about the announcement of the semiconductor mission two years ago and within a few months first MoUs were signed and now the foundation stones for three projects are being laid. “India commits, India delivers and democracy delivers”, said the Prime Minister.

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