The Centre has set up a special reserve fund with an outlay of INR 1 Lakh Cr to drive innovation in the semiconductor and science & technology sectors, PM Modi said
While inaugurating the Semicon India 2024 event, PM Modi said that India is taking all necessary measures to become a semiconductor powerhouse
PM Modi's remarks came on the heels of reports that the government is considering expanding the scope of the India Semiconductor Mission to extend sops to to raw material suppliers, gas suppliers, and other vendors in the semiconductor ecosystem
Prime Minister Narendra Modi on Wednesday (September 11) said that the Centre has set up a special reserve fund with an outlay of INR 1 Lakh Cr to drive innovation in the semiconductor and science & technology sectors.“Our dream is to have India-made chip in every device in the world,” PM Modi said.“When chips are down, you can bet on India,” the Prime Minister said, underscoring that India has a strategic advantage in the semiconductor sector with a growing manufacturing base, aspirational market and a digital public infrastructure (DPI) built on chip.
While inaugurating the Semicon India 2024 event, PM Modi said that India is taking all necessary measures to become a semiconductor powerhouse.