Semicon India 2024: A Showcase of India's Semiconductor Ambitions

 

The 'Semicon India 2024' summit held in Greater Noida brought together global leaders, policymakers, and industry experts to discuss India's potential in the semiconductor market. Participants praised Prime Minister Modi's policies, terming them as pivotal for India's growth in the sector. The event highlighted key areas such as investment in infrastructure, job creation, skill development, and integration into the global supply chain.

The Uttar Pradesh government approved the allocation of 425 acres for setting up semiconductor units, reflecting a strong commitment to building a robust semiconductor ecosystem. With a focus on achieving 10% of the global semiconductor demand, India aims to position itself as a critical supplier in the global supply chain, leveraging strategic policies and infrastructure investments.

Prime Minister Modi’s Vision for Semiconductor Self-Sufficiency

In his address at Semicon India 2024, Prime Minister Modi set an ambitious goal of $500 billion for the semiconductor sector. He emphasized the need for quick policy implementations and the establishment of dedicated facilities in Uttar Pradesh to boost local manufacturing. Modi expressed his aspiration that every device globally should have India-made chips, underscoring the country’s potential to become a hub for semiconductor manufacturing and innovation.

With the upcoming implementation of the Semiconductor 2.0 policy, India aims to simplify processes for manufacturers, attract investments, and enhance its role in the global supply chain. Industry leaders acknowledged Modi’s vision and highlighted India’s capacity to become a leading player in semiconductor manufacturing.

Conclusion

India’s multifaceted approach towards semiconductor manufacturing, coupled with its focus on green energy solutions, demonstrates a strong commitment to economic and technological progress. With strategic policies, investments, and international collaborations, the country is well-positioned to become a significant player in the global semiconductor and clean energy markets, driving innovation and sustainable growth.