GREATER NOIDA: Prime Minister Narendra Modi on Wednesday said India’s time to lead the ‘Silicon Diplomacy‘ has arrived, as he highlighted the over Rs 1.5 lakh crore investments in the area of semiconductor manufacturing and design that will see the country emerge as a trusted partner for supplying the coveted chips across the world.
“When the chips are down, you can bet on India… India is set to play a big role in driving the global semiconductor industry,” he said while addressing the global and local industry captains from the semiconductor industry at the ‘SEMICON India 2024’ organised here.
Modi said India’s time has come to play a crucial role in the field of semiconductors which power various industries and products. “India’s semiconductor ecosystem is a solution not just for India’s challenges but also for global challenges… Our dream is that every device in the world will have an Indian-made chip.”
The opening session had Union IT & electronics minister Ashwini Vaishnaw, UP CM Yogi Adityantha, Tata Electronics president and CEO Randhir Thakur, NXP Semiconductors CEO Kurt Sievers, Renesas CEO Hidetoshi Shibata, IMEC CEO Luc Van Den Hove, and SEMI CEO Ajit Manocha.
Talking about international collaborations, Modi mentioned the erstwhile ‘Oil Diplomacy’ and said the world is now moving towards an era of ‘Silicon Diplomacy.’ He highlighted that India has been chosen as Vice Chair of the Indo-Pacific Economic Framework’s Supply Chain Council and is a key partner in the QUAD Semiconductor Supply Chain Initiative. “Additionally, agreements have been signed with countries like Japan and Singapore, and India is deepening its cooperation with the US in the semiconductor sector.”
The PM said India’s ambition is to “do whatever it takes to become a semiconductor powerhouse” of the world. “This is the right time to be in India. You are at the right place at the right time… In the 21st-century India, the chips are never down.”
He said the government has made special efforts to ensure it provides not just financial incentives to companies investing in semiconductors, but also gives them ease of doing business. “… while industries invest and create value, the govt provides stable policies and Ease of Doing Business. India provides an integrated ecosystem.”
With India’s electronics sector touching over $150 billion in revenue, the PM outlined a larger goal to grow this to $500 billion by 2030 which will see addition of 60 lakh new jobs. “Our goal is that 100% of electronic manufacturing should happen in India. India will make semiconductor chips and the finished product too.”
He said India wants a global play when it comes to semiconductors. “India’s semiconductor ecosystem is a solution not just for India’s challenges but also for global challenges,” the PM said, adding that it is important to have resilience in supply chain. “Whether it was Covid or war, there hasn’t been a single industry to remain unaffected by supply chain disruptions.”
Modi said the positive power of technology is amplified when it is combined with democratic values, and reaffirmed India’s focus on creating a world that remains functional even in times of crisis. “Whether it is mobile manufacturing, electronics, or semiconductors, our focus is clear — we want to build a world that doesn’t stop or pause in times of crisis but keeps moving forward.”
The PM also said semiconductor chips are not just limited to technology in India but have also become instrumental in fulfilling the aspirations of citizens through initiatives such as digital public infrastructure (DPI). “This small chip is doing big things to ensure last-mile delivery in India,” he said and pointed out that when the global banking system had collapsed during the coronavirus crisis, banks in India were running continuously. “Be it India’s UPI, Rupay Card, Digi Locker or Digi Yatra, multiple digital platforms have become a part of the everyday life of the people of India.”
Modi said the country’s mantra is increasing the number of chips produced in the country, which has seen the central govt offer 50% financial support for setting up semiconductor manufacturing facilities, with states also playing a key role in this effort. “Because of these policies, India has attracted investments worth more than Rs 1.5 lakh crore in a very short time and many more projects are in the pipeline.”
“When the chips are down, you can bet on India… India is set to play a big role in driving the global semiconductor industry,” he said while addressing the global and local industry captains from the semiconductor industry at the ‘SEMICON India 2024’ organised here.
Modi said India’s time has come to play a crucial role in the field of semiconductors which power various industries and products. “India’s semiconductor ecosystem is a solution not just for India’s challenges but also for global challenges… Our dream is that every device in the world will have an Indian-made chip.”
The opening session had Union IT & electronics minister Ashwini Vaishnaw, UP CM Yogi Adityantha, Tata Electronics president and CEO Randhir Thakur, NXP Semiconductors CEO Kurt Sievers, Renesas CEO Hidetoshi Shibata, IMEC CEO Luc Van Den Hove, and SEMI CEO Ajit Manocha.
Talking about international collaborations, Modi mentioned the erstwhile ‘Oil Diplomacy’ and said the world is now moving towards an era of ‘Silicon Diplomacy.’ He highlighted that India has been chosen as Vice Chair of the Indo-Pacific Economic Framework’s Supply Chain Council and is a key partner in the QUAD Semiconductor Supply Chain Initiative. “Additionally, agreements have been signed with countries like Japan and Singapore, and India is deepening its cooperation with the US in the semiconductor sector.”
The PM said India’s ambition is to “do whatever it takes to become a semiconductor powerhouse” of the world. “This is the right time to be in India. You are at the right place at the right time… In the 21st-century India, the chips are never down.”
He said the government has made special efforts to ensure it provides not just financial incentives to companies investing in semiconductors, but also gives them ease of doing business. “… while industries invest and create value, the govt provides stable policies and Ease of Doing Business. India provides an integrated ecosystem.”
With India’s electronics sector touching over $150 billion in revenue, the PM outlined a larger goal to grow this to $500 billion by 2030 which will see addition of 60 lakh new jobs. “Our goal is that 100% of electronic manufacturing should happen in India. India will make semiconductor chips and the finished product too.”
He said India wants a global play when it comes to semiconductors. “India’s semiconductor ecosystem is a solution not just for India’s challenges but also for global challenges,” the PM said, adding that it is important to have resilience in supply chain. “Whether it was Covid or war, there hasn’t been a single industry to remain unaffected by supply chain disruptions.”
Modi said the positive power of technology is amplified when it is combined with democratic values, and reaffirmed India’s focus on creating a world that remains functional even in times of crisis. “Whether it is mobile manufacturing, electronics, or semiconductors, our focus is clear — we want to build a world that doesn’t stop or pause in times of crisis but keeps moving forward.”
The PM also said semiconductor chips are not just limited to technology in India but have also become instrumental in fulfilling the aspirations of citizens through initiatives such as digital public infrastructure (DPI). “This small chip is doing big things to ensure last-mile delivery in India,” he said and pointed out that when the global banking system had collapsed during the coronavirus crisis, banks in India were running continuously. “Be it India’s UPI, Rupay Card, Digi Locker or Digi Yatra, multiple digital platforms have become a part of the everyday life of the people of India.”
Modi said the country’s mantra is increasing the number of chips produced in the country, which has seen the central govt offer 50% financial support for setting up semiconductor manufacturing facilities, with states also playing a key role in this effort. “Because of these policies, India has attracted investments worth more than Rs 1.5 lakh crore in a very short time and many more projects are in the pipeline.”