Prime Minister Narendra Modi has said that India has emerged as a powerful energy conductor for the semiconductor industry of the world today, July 28. Inaugurating the Semicon India 2023 conclave in Gandhinagar today, he urged global private players to grab the right opportunity to invest in the Indian semiconductor industry.
Saying that the foundation of the fourth industrial revolution is related to the Indian aspirations, the Prime Minister said, a stable, responsible, reform-oriented-government, expanding infrastructure and technology development, and massive talent pool make India a trusted partner in the global supply chain post pandemic. Reiterating the government’s commitment to create a vibrant semiconductor ecosystem, the Prime Minister said, the government is giving 50 per cent financial assistance to the technology players who wish to set up semiconductor manufacturing in the country. The government has identified more than 300 educational institutes that will provide academic courses dedicated to the semiconductor sector to create skilled engineers.
