Prime Minister Narendra Modi inaugurated Semicon India 2025, positioning India as a rising powerhouse within the international semiconductor business. Addressing the summit, he mentioned the world now seems to India not solely as a trusted companion however as a future chief in chip innovation.
“Oil has been known as black gold within the semiconductor business, however chips are the digital diamonds,” Modi mentioned, highlighting India’s willpower to develop into a full-stack semiconductor nation. Despite the fact that we began our journey later than others, we at the moment are unstoppable. The world’s largest revolution will quickly be made doable by India’s smallest chip.
Underneath the Atmanirbhar Bharat imaginative and prescient, the Prime Minister underlined that India’s efforts transcend chip manufacturing and as a substitute consider making a complete semiconductor ecosystem that enhances competitiveness and self-reliance.
He additional elaborated on the Indian semiconductor plan by connecting the dots with India’s stronger financial output. “GDP figures launched for the primary quarter point out that India’s GDP is rising at a outstanding 7.8 p.c. The expansion is seen in each sector of the financial system,” he mentioned, placing semiconductor growth into the image of the nationwide financial system.
The summit got here after Modi’s journey to Japan, the place he visited Tokyo Electron Miyagi Ltd., a notable firm in semiconductor expertise. He defined the complementary relationship between Japan’s superior expertise and India’s nascent semiconductor manufacturing ecosystem and implied that there’s extra collaboration from different international locations to return.
India’s semiconductor market, estimated to be price between $45 and $50 billion in FY2024–2025, is anticipated to greater than double to $100–110 billion by 2030, in response to business projections introduced on the occasion. Along with worldwide collaborations and regulatory backing, this fast development is anticipated to solidify India’s place as one of many world’s most necessary chip-making locations.
