India is acting as an excellent conductor for the semiconductor sector, according to Prime Minister Narendra Modi, who compared the country to a conductor in a chip and claimed it is checking all the necessary boxes. The Prime Minister was addressing during the three-day SemiCon India 2023’s opening session, which was held at Gandhinagar, Gujarat’s Mahatma Mandir.
The event to further India’s semiconductor mission in Gandhinagar attracted more than 500 industry leaders, researchers, policymakers, government officials, and entrepreneurs, among others. Ashwini Vaishnaw, the federal minister for railways, communications, electronics, and IT; Rajeev Chandrasekhar, the union minister of state for electronics and IT; and Gujarat chief minister Bhupendra Patel were in attendance at the official ceremony.
Young Liu, chairman of Foxconn, Anil Agarwal, chairman of Vedanta Group, Mark Papermaster, executive vice president and chief technology officer of AMD, Anirudh Devgan, president and chief executive officer of Cadence, Sanjay Mehrotra, president and chief executive officer of Micron Technology, and Prabhu Raja, president of semiconductor products group at Applied Materials, were on the panel from the industry.
“People asked why invest in the semiconductor sector in India a year ago when we held the first SemiCon. The question is now, “Why not invest?” after a year,” said the PM while talking to the leaders. “You’ve pinned your hopes and aspirations on India, and India has not let you down. In the India of the twenty-first century, there are many prospects for you to grow your business because of India’s democracy and population.”
According to the PM, India was once a rising star in the electronics industry. He said India’s production in 2014 was under $30 billion. Now, according to him, India’s exports of electronics and mobile phones have increased during the past two years. The best phones are now manufactured and exported from India, which formerly imported them, to other countries.
According to him, the recently launched National Quantum Mission and the upcoming National Research Foundation Bill are both included in the entire roadmap of the semiconductor revolution. The PM further stated that the revamped engineering curriculum would aid in the recruitment of experts for the sector. The PM continued that there will be a need for roughly 1 lakh designers over the next five years, and the projects would guarantee a supply.