India to export EVs to 100 countries, first made in India chip to hit market by year-end: PM Modi

Prime Minister Narendra Modi on Saturday (August 23) announced that India will start exporting electric vehicles to 100 countries.

Speaking at The Economic Times World Leaders Forum, he said a “very big program” related to this initiative will be held on Tuesday, August 26, though he did not share more details.

“I want to tell you about another achievement of India. India is now going to export electric vehicles to 100 countries of the world. A very big program related to this is also being held after two days on 26th August,” he said.

The Prime Minister also spoke about progress in the semiconductor sector, declaring that India’s first domestically made semiconductor chip will hit the market by the end of this year.

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He noted that while India missed the chance to enter semiconductor manufacturing decades ago, the situation has now changed with factories being set up in the country.

“We all know that semiconductor manufacturing could have started in India 50–60 years ago, but India missed that too, and the same thing continued for many years to come. Today we have changed this situation. Semiconductor-related factories have started coming up in India,” he said.

“By the end of this year, the first Made in India chip will come in the market,” he added.