New Delhi, August 16, 2024.
India will offer end-to-end semiconductor solutions to the world and will become a manufacturing hub for cutting edge technologies by leveraging its large skilled youth base, Prime Minister Narendra Modi said during his 78th Independence Day speech. He also urged young people to design products and services in India, and take a lead in creating games for the world.
“Semiconductors are tied to the future, so are emerging technologies and artificial intelligence (AI). We have started work on the semiconductor mission – why shouldn’t every gadget have a ‘made in India’ chip?… The talent is here, all types of research work happens in India, now the production will also happen here and we have the capacity to offer end-to-end solutions to the world,” Modi said.
In December 2021, the government had rolled out a Rs 76,000 crore chip incentive scheme, under which it offered half the amount of a plant’s capital expenditure costs as subsidy. Under the scheme, the country has cleared four proposals – a fab being set up by the Tatas in partnership with a Taiwanese company, and three packaging plants including one by Micron. Three of these projects are being set up in Gujarat, while a packaging plant by the Tatas is coming up in Assam.
