Gandhinagar: Prime Minister Narendra Modi extended a warm invitation on Friday to major global semiconductor companies, encouraging them to invest in India and promising a lucrative “first mover’s advantage” for those who step forward. Addressing the esteemed ‘SemiconIndia Conference 2023’ in Gandhinagar, Gujarat, the Prime Minister emphasized the need for developing a robust chip manufacturing ecosystem tailored for India. He expressed confidence that any company willing to take the initiative will enjoy significant benefits as a trailblazer in the market.
The conference, centered around the theme ‘Catalysing India’s Semiconductor Ecosystem,’ aims to unite leaders from various industries, academia, and research institutions worldwide. The event showcases India’s ambitious semiconductor strategy and policies, envisioning the country as a global powerhouse for semiconductor design, manufacturing, and technological advancement.
Highlighting India’s burgeoning role as a reliable partner in the global chip supply chain, PM Modi emphasized the significance of the country’s vast democratic credentials. He stated that not only does India cater to its own demands, but the world also looks to the nation as a trusted and dependable source for chips.
“It is not just India’s needs, the world now needs a trusted and reliable chip supply chain. Who can be that trusted partner if not the largest democracy,” PM Modi said.
PM Modi praised the tech-savvy nature of Indians and their swift adoption of cutting-edge technologies. He attributed this progress to factors such as affordable data availability in rural areas, top-notch digital infrastructure, and uninterrupted power supply, all of which have led to a surge in data consumption in India. The Prime Minister expressed that the nation’s aspirations are a driving force behind its remarkable growth.
The SemiconIndia 2023 event saw participation from representatives of major corporations, including Micron Technology, Applied Materials, Foxconn, SEMI, and AMD, among other influential industry players.
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