PM Modi Pitches India to Chip Makers at SEMICON 2024 conference, Talks of Supply Chain Resilience

Greater ida:  Prime Minister Narendra Modi on Wednesday said resilience of supply chains is critical for ecomy as he me a pitch to boost investments in domestic manufacturing of semiconductors -- foundation of everything from smartphone to EV and AI.

Speaking at SEMICON 2024 conference on outskirts of national capital, Prime Minister said Covid pandemic showed importance of supply chain and underscored need to act to ward off any disruption.

"Resilience of supply chain is very important," he said. "India is working to create same in different sectors of ecomy." world witnessed supply shocks during Covid-19, as stringent measures to control spre of pandemic in China affected industries and sectors dependent on imports from that country. One of sectors impacted was chips that form a critical part of every electronic device.

Prime Minister showcased India's reformist regime, stable policies and a market that has tasted techlogy to make a strong pitch for investments in semiconductor manufacturing.

"It is our dream to have an Indian-me chip in every device in world," he said and ded that "We will do everything that is needed to make India a semiconductor powerhouse." Talking of steps taken by his government to boost semiconductor manufacturing, he said a reformist government, a growing manufacturing base and an aspirational market that has tasted techlogy provide a 'Three-D Power' for chip making in country.

"Today's India inspires confidence in world. When chips are down, you can bet on India," he said.

He said investment of over Rs 1.5 lakh crore has alrey been committed in semiconductor manufacturing and many projects are in pipeline. 

(Except for heline, this story has t been edited by Republic and is published from a syndicated feed.)