 "Prime Minister Narendra Modi. File photo")
Prime Minister Narendra Modi on Tuesday said that India is not far from driving the world’s biggest change by manufacturing small chips.
Speaking at the Semicon India 2025 event, PM Modi said, “Our previous century was shaped by oil. The fate of the world was determined by oil wells. But the power of the 21st century has been condensed into a small chip. The day is not far when the world will say – Designed in India, Made in India, Trusted by the World.”
The prime minister said that India has invested more than Rs 1.5 lakh crore in 10 semiconductor projects as it tries to top the chip market. This year, the government approved five more semiconductor projects in the country, PM Modi added.
During his Japan visit last week, PM Modi took a tour of a semiconducter facility in Japan’s Sedai with his Japanese counterpart Shigeru Ishiba. The Indian prime minister was briefed about Tokyo Electron Miyagi Ltd’s (TEL Miyagi) role in the global semiconductor value chain, its advanced manufacturing capabilities and its ongoing and planned collaborations with India.
Impact Shorts
More ShortsThe visit to Sendai underscored the growing synergy between India’s expanding semiconductor manufacturing sector and Japan’s expertise in advanced semiconductor equipment and technology.
PM Modi has also announced that India’s first domestically manufactured semiconductor chip will be available in the market by the end of 2025.
“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,” PM Modi said at the ET Summit.