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:
- Building robust infrastructure
- 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.