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India Most Promising Place for Chip Firms, PM Modi Tells CEOs | Current Affairs | Vision IAS

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India Most Promising Place for Chip Firms, PM Modi Tells CEOs

1 min read

Prime Minister Modi's Initiative on Semiconductor Sector

Prime Minister  emphasized India's potential as a prime destination for semiconductor designing and manufacturing during a roundtable with both international and domestic executives from the semiconductor industry.

Discussion Highlights

  • Prime Minister Modi discussed India's relentless reform journey in the semiconductor sector, focusing on: 
    1. Building robust infrastructure
    2. Emphasizing skilling and innovation
  • The confidence of leading firms in India's potential as a global hub for semiconductor innovation and manufacturing was highlighted.
  • The Prime Minister noted the importance of continuous feedback from the industry for shaping future policies.

India Semiconductor Mission (ISM) and Future Roadmaps

  • The Ministry of Electronics and Information Technology is developing the framework for ISM 2.0.
  • The initial India Semiconductor Mission (ISM) launched in 2020 has attracted investments of ₹1.5 lakh crore across 10 semiconductor projects.
  • The projects under ISM are in various stages of completion.
  • Tags :
  • India Semiconductor Mission (ISM)
  • Semiconductor Sector
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