SEMICON India 2024: Indian-made chips to investment boost, 5 key takeaways from PM Modi’s speech

In a significant address at SEMICON India 2024, held on the outskirts of the national capital, Indian Prime Minister Narendra Modi emphasized the critical role of supply chain resilience in the global economy and pitched for India’s semiconductor manufacturing capabilities.

Investment Boost for Semiconductor Manufacturing

Modi highlighted that India has already secured commitments of over ₹1.5 lakh crore in investments towards semiconductor manufacturing. This is a major step towards positioning India as a global semiconductor hub, with several new projects in the pipeline to further accelerate growth.