PM Modi Envisions $500 Billion Electronics Sector, 6 Million Jobs by 2030

Prime Minister Narendra Modi on Monday outlined an ambitious plan to elevate India's electronics sector to $500 billion by 2030, with potential to create six million jobs. Prime Minister was speaking at a roundtable meeting with prominent CEOs of leing techlogy companies. event, held in New York, served as a platform for discussing future of techlogy in India and its role in global market.

In his dress, PM Modi stressed importance of semiconductor and chip industries, stating, " policy we brought on semiconductors and chips is being welcomed in India, and people in this sector are excited to invest." He highlighted India's capability to become a reliable partner in global semiconductor supply chain and stressed government's commitment to fostering design invation within country.

" electronic sector in India is currently valued at over $150 billion, and our aim is to triple that figure in next six years," PM Modi said. He pointed out that this growth would coincide with a surge in interest from youth in STEM (science, techlogy, engineering, and mamatics) fields, which is crucial for supporting sector's expansion.

PM Modi furr ted necessity of balancing techlogy and democratic values, asserting, " 21st century is techlogy-driven, and re is a need for a convergence of techlogy and democracy to guarantee human welfare." He underscored India’s talent pool, democratic framework, and market potential as key drivers for future growth.

Prime Minister also discussed vancements in biotechlogy, revealing introduction of BioSecure Act and 'Bio E3 policy,' aimed at establishing India as a leer in biomanufacturing and health solutions. "I foresee emergence of over 10,000 bio-startups by 2025," he stated.

Following Modi's dress, several CEOs shared ir insights on meeting. Kris Singh, CEO of Holtec International, remarked, "PM Modi wants to make India energy independent and rapidly grow clean energy in country. His understanding of challenges is impressive."

Julie Sweet, CEO of Accenture, expressed her enthusiasm, stating, "It was an hor to meet PM Modi and hear about his leership vision for next dece, particularly in positioning India as a significant player in global techlogy landscape."

Enrique Lores, CEO of HP Inc., highlighted company's plans to expand manufacturing capabilities in India, while Eli Lilly's CEO, David Ricks, discussed firm’s commitment to dressing health issues in India through localised production.

Nvidia CEO Jensen Huang praised Modi's erness to learn about techlogy and its potential impacts, saying, "This is India's moment; you have to seize opportunity." He stressed importance of India’s skilled workforce and role of artificial intelligence in shaping future.

As India gears up to meet se ambitious targets, roundtable serves as a significant indicator of government's proactive approach to attracting foreign investment and fostering a vibrant techlogy ecosystem. focus on electronics sector t only aims to bolster ecomy but also to create substantial employment opportunities for nation’s youth, signaling a bright future for India in global tech arena.