13 March 2024 – Prime Minister Narendra Modi will lay the foundation stone for three semiconductor projects worth ₹1.25 lakh crore, boosting India’s technological supremacy. The declaration emphasizes India’s commitment to chip manufacturing self-sufficiency, a vital part of the fast-growing digital economy.
The ceremony at the Electronics Manufacturing Cluster (EMC) in Greater Noida signals a major move for the country because semiconductor fabrication powers smartphones and modern computing systems. The three initiatives, worth ₹1.25 lakh crore, aim to reduce India’s dependence on imported semiconductor chips and boost its technological autonomy.
The global technology ecosystem relies on the semiconductor sector, and India’s semiconductor manufacturing venture supports its goal of being self-sufficient and technologically competent. India wants to meet domestic demand and become a worldwide powerhouse for cutting-edge technology by investing in semiconductor manufacturing. Semiconductor developments are projected to boost technology innovation and employment. India hopes these initiatives will attract leading semiconductor manufacturers and boost the global supply chain. This approach supports the government’s “Make in India“ and “Atmanirbhar Bharat” drives to promote domestic manufacturing and reduce imports.
Conclusion
The Prime Minister’s role in laying the foundation stone shows the government’s dedication to technical advancement. As the world enters Industry 4.0 and the Internet of Things (IoT), semiconductor production becomes progressively more important, and India’s aggressive entry into this field signifies a technical revolution. Semiconductor manufacturing investments will help the nation become self-sufficient and a digital leader.
