PM pitches India as ‘new & trusted’ chip manufacturing hub

Prime Minister Narendra Modi on Thursday pitched India as a “new and trusted” semiconductor manufacturing destination, and highlighted the government’s policy measures and regulatory reforms for the growth of the industry.

“India is taking every step needed to become a preferred destination for the semiconductor industry,” he said, inaugurating the fifth edition of the Semicon India conclave here. The Prime Minister bracketed the chip push with the country’s broader economic growth momentum: “On one hand, India’s economy is growing, and on the other hand, the world’s trust in India is also increasing.”