New Delhi, September 11, 2024.
From likening India’s semiconductor market to a “special diode” which conducts energy in two directions, to calling it an “integrated market” for integrated circuits, Prime Minister Narendra Modi called on executives from top global chip companies Wednesday to invest in the semiconductor ecosystem in the country.
“This is the right time to be in India… You are at the right place at the right time,” he said.
The PM said there was a “three dimensional” power in India. “First, India’s reformist government, second, a growing manufacturing base, and third, India’s aspirational market. A market which knows the taste of technology… it is hard to find elsewhere… To become a chip powerhouse, India will do everything that is needed,” PM Modi said during his address at the Semicon India 2024 summit.