India
‘Silicon Diplomacy’ will make India the world leader in semiconductors: PM Modi – Times of India
GREATER NOIDA: Prime Minister Narendra Modi on Wednesday said it is time for India to take the lead in the ‘Silicon Diplomacy‘ has arrived, highlighting the investment of over Rs 1.5 lakh crore in the field of semiconductor manufacturing and design, which will help the country emerge as a reliable partner for supplying the coveted chips across the globe.
“When push comes to shove, you can bet on India… India will play a big role in driving the global semiconductor industry“, he said while addressing the global and local leaders of the semiconductor industry at the ‘SEMICON India 2024’ organised here.
Modi said the time has come for India to play a crucial role in the field of semiconductors that power various industries and products. “India’s semiconductor ecosystem is not just a solution to India’s challenges, but also to global challenges… Our dream is that every device in the world has a chip made in India.”
The opening session was inaugurated by Minister of IT and Electronics Ashwini Vaishnaw, UP CM Yogi Adityantha, President and CEO of Tata Electronics Randhir Thakur, CEO of NXP Semiconductors Kurt Sievers, CEO of Renesas Hidetoshi Shibata, CEO of IMEC Luc Van Den Hove and CEO of SEMI Ajit Manocha.
Talking about international collaborations, Modi termed the former ‘Oil Diplomacy’ and said the world is now moving towards an era of ‘Silicon Diplomacy’. He highlighted that India has been elected as the vice-chair of the Indo-Pacific Economic Framework’s Supply Chain Council and is a key partner in the QUAD Semiconductor Supply Chain Initiative. “Moreover, agreements have been signed with countries like Japan and Singapore, and India is deepening its collaboration with the US in the semiconductor sector.”
The prime minister said India’s ambition is to “do whatever it takes to become a semiconductor superpower” of the world. “This is the right time to be in India. You are in the right place at the right time… In 21st century India, the chips are never down.”
He said the government has made special efforts to ensure that it not only provides financial incentives to companies investing in semiconductors but also provides them with ease of doing business. “…as industries invest and create value, the government provides stable policies and ease of doing business. India offers an integrated ecosystem.”
With India’s electronics sector now worth over $150 billion in revenue, the Prime Minister outlined a larger goal of growing it to $500 billion by 2030, which will lead to the creation of 60 lakh new jobs. “Our goal is that 100% of electronics manufacturing should be in India. India will make semiconductor chips and also the final product.”
He said India wants to play a global role when it comes to semiconductors. “India’s semiconductor ecosystem is not just a solution to India’s challenges, but also to global challenges,” the prime minister said, adding that it is important to have resilience in the supply chain. “Whether it was Covid or war, there is no industry that has been untouched by supply chain disruptions.”
Modi said the positive power of technology is amplified when combined with democratic values, and reaffirmed India’s focus on creating a world that remains functional even in times of crisis. “Whether it is mobile manufacturing, electronics or semiconductors, our focus is clear: we want to build a world that does not stop or pause in times of crisis, but keeps moving forward.”
The Prime Minister also said that semiconductor chips are not just limited to technology in India but have also become instrumental in fulfilling the aspirations of citizens through initiatives like Digital Public Infrastructure (DPI). “This small chip is doing big things to ensure last mile delivery in India,” he said, pointing out that when the global banking system had collapsed amid the coronavirus crisis, banks in India were running continuously. “Be it India’s UPI, Rupay Card, Digi Locker or Digi Yatra, multiple digital platforms have become a part of the daily lives of people in India.”
Modi said the country’s mantra is to increase the number of chips produced in the country, which has seen the central government provide 50% financial support for setting up semiconductor manufacturing facilities, with states also playing a major role in this effort. “Because of this policy, India has attracted investments worth over Rs 1.5 lakh crore in a very short time and many more projects are in the pipeline.”
“When push comes to shove, you can bet on India… India will play a big role in driving the global semiconductor industry“, he said while addressing the global and local leaders of the semiconductor industry at the ‘SEMICON India 2024’ organised here.
Modi said the time has come for India to play a crucial role in the field of semiconductors that power various industries and products. “India’s semiconductor ecosystem is not just a solution to India’s challenges, but also to global challenges… Our dream is that every device in the world has a chip made in India.”
The opening session was inaugurated by Minister of IT and Electronics Ashwini Vaishnaw, UP CM Yogi Adityantha, President and CEO of Tata Electronics Randhir Thakur, CEO of NXP Semiconductors Kurt Sievers, CEO of Renesas Hidetoshi Shibata, CEO of IMEC Luc Van Den Hove and CEO of SEMI Ajit Manocha.
Talking about international collaborations, Modi termed the former ‘Oil Diplomacy’ and said the world is now moving towards an era of ‘Silicon Diplomacy’. He highlighted that India has been elected as the vice-chair of the Indo-Pacific Economic Framework’s Supply Chain Council and is a key partner in the QUAD Semiconductor Supply Chain Initiative. “Moreover, agreements have been signed with countries like Japan and Singapore, and India is deepening its collaboration with the US in the semiconductor sector.”
The prime minister said India’s ambition is to “do whatever it takes to become a semiconductor superpower” of the world. “This is the right time to be in India. You are in the right place at the right time… In 21st century India, the chips are never down.”
He said the government has made special efforts to ensure that it not only provides financial incentives to companies investing in semiconductors but also provides them with ease of doing business. “…as industries invest and create value, the government provides stable policies and ease of doing business. India offers an integrated ecosystem.”
With India’s electronics sector now worth over $150 billion in revenue, the Prime Minister outlined a larger goal of growing it to $500 billion by 2030, which will lead to the creation of 60 lakh new jobs. “Our goal is that 100% of electronics manufacturing should be in India. India will make semiconductor chips and also the final product.”
He said India wants to play a global role when it comes to semiconductors. “India’s semiconductor ecosystem is not just a solution to India’s challenges, but also to global challenges,” the prime minister said, adding that it is important to have resilience in the supply chain. “Whether it was Covid or war, there is no industry that has been untouched by supply chain disruptions.”
Modi said the positive power of technology is amplified when combined with democratic values, and reaffirmed India’s focus on creating a world that remains functional even in times of crisis. “Whether it is mobile manufacturing, electronics or semiconductors, our focus is clear: we want to build a world that does not stop or pause in times of crisis, but keeps moving forward.”
The Prime Minister also said that semiconductor chips are not just limited to technology in India but have also become instrumental in fulfilling the aspirations of citizens through initiatives like Digital Public Infrastructure (DPI). “This small chip is doing big things to ensure last mile delivery in India,” he said, pointing out that when the global banking system had collapsed amid the coronavirus crisis, banks in India were running continuously. “Be it India’s UPI, Rupay Card, Digi Locker or Digi Yatra, multiple digital platforms have become a part of the daily lives of people in India.”
Modi said the country’s mantra is to increase the number of chips produced in the country, which has seen the central government provide 50% financial support for setting up semiconductor manufacturing facilities, with states also playing a major role in this effort. “Because of this policy, India has attracted investments worth over Rs 1.5 lakh crore in a very short time and many more projects are in the pipeline.”
