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Thursday, May 30, 2024

PM Modi’s Semiconductor Plant Inauguration Paves Way for India as Semicon Hub

Today, Prime Minister Narendra Modi laid the foundation stone for three semiconductor plants worth over Rs 1.25 lakh crore. The proposed investments, which received cabinet approval on February 29 this year, include the Tata-PSMC chip foundry at Rs 91,000 crore, the Tata OSAT facility at Rs 27,000 crore, and the CG Power-Renesas at Rs 7,600 crore.

Union Minister of State for Electronics and IT, Skill Development and Entrepreneurship, and Jal Shakti, Shri Rajeev Chandrasekhar who was also present virtually at the event said, “For decades, India was deprived of a thriving tech ecosystem despite having immense potential.

Indian talent has made its mark on every major semiconductor company globally, and it is finally time to build an ecosystem that will encourage, skill, and train young Indians, especially in next-generation chip design, semiconductor research, and manufacturing, among other areas.

The three new semiconductor plants inaugurated by our Hon’ble Prime Minister Modi ji will bring tremendous opportunities not just for Assam and Gujarat but for the whole nation. Made in India chips manufactured in India will help create a strong and significant presence for India in global value chains — it will make India a semicon hub for the world.”

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(Source: PIB)

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