Make India chip hub: PM to business

Underlining that the nation is investing closely in skilling and coaching youth for the wants of the twenty first century, Prime Minister Narendra Modi known as upon the semiconductor business to make India a key accomplice in international chip provide chains. He was addressing the inaugural session of Semicon India-2022 convention on Friday.

“A new world order is forming and we must seize this opportunity. We have worked hard over the last few years to create an environment that encourages growth. India has the appetite for tech and risk-taking. We have put the odds in your favour as far as possible through a supportive policy environment. We have shown that India means business! Now, it’s over to you,” Modi stated. “I look forward to practical suggestions from all of you about how we can move towards an India that is a hub for Semiconductors for the world in the coming years”.

IT Minister Ashwini Vaishnaw stated the Centre expects to present nods in 6-8 months to chip makers who utilized to its PLI scheme.

(The correspondent is in Bengaluru on the invite of the Ministry of Electronics and Information Technology)