Self-Reliance and Innovation in Technology
The prime minister highlighted the importance of India becoming self-reliant and innovative in technology. He emphasised reducing dependence on foreign tech companies and achieving digital sovereignty.
Progress in Semiconductor Manufacturing
- India has made significant strides in semiconductor technology, with plans to release the first domestically produced chip by the end of the year.
- The India Semiconductor Mission, with an allocated budget of approximately ₹ 76,000 crore, has approved 10 chip fabrication and packaging units.
- A notable project includes a $2.75 billion ATMP unit by Micron in Sanand, Gujarat.
- Recently, four more fabrication and ATMP units were approved in Odisha, Punjab, and Andhra Pradesh.
Encouragement for Indigenous Platforms
- The PM urged the youth to develop native platforms to retain Indian wealth, citing the success of the Unified Payments Interface (UPI) in handling 50% of India's real-time transactions.
Need for Sovereign AI and Digital Infrastructure
- It emphasized the importance of building sovereign AI and digital infrastructure for economic value and data security.
Challenges and Opportunities
- While India has attempted to create platforms like Koo, challenging global giants is difficult due to first-mover advantages. Emphasizing strategic focus and protection of innovations is crucial.
Focus on Cybersecurity and AI
- It highlighted the need for indigenous innovation in AI and cybersecurity to secure India's digital future against evolving cyber threats.