Digital Age
Govt to follow stable policy regime for semiconductor sector, says PM
This story was originally published at 22:00 IST on 10 September 2024
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NEW DELHI – Prime Minister Narendra Modi today said that semiconductors are the basis of the digital age and his government would follow a predictable and stable policy regime for growth of the country's semiconductor sector. Modi chaired the Semiconductor Executives' Roundtable at his residence in New Delhi, and assured that the government would continue to support the industry at every step.
The coming times would be technology-driven, Modi said, adding that the day wasn't far when the semiconductor industry would be the bedrock for even basic necessities. He emphasised that democracy and technology could together ensure the welfare of humanity, and India was moving ahead on this path, recognising its global responsibility in the semiconductor sector.
India, he said, had the capability to become a trusted partner in a diversified semiconductor supply chain.
The prime minister told industry leaders that the government had been paying immense focus on skilling to ensure a trained workforce was available for the semiconductor industry. "India's focus is to develop products which are globally competitive," Modi said, adding that India was a great market for investing in hi-tech infrastructure.
Today's meeting was attended by chief executive officers, heads and representatives of various organisations, including SEMI, Micron, NXP, PSMC, IMEC, Renesas, TEPL, Tokyo Electron Ltd, Tower, Synopsys, Cadence, Rapidus, Jacobs, JSR, Infineon, Advantest, Teradyne, Applied Materials, Lam Research, Merck, CG Power, and Kaynes Technology. Also present at the meeting were professors from Stanford University, University of California San Diego, and Indian Institute of Technology Bhubaneswar. End
Reported by Kuldeep Singh
Edited by Avishek Dutta
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