Modi Sees Trust in Indian Manufacturing as Semiconductor Industry Advances

Indian Prime Minister Narendra Modi has expressed growing "trust" in Indian manufacturing as the country's semiconductor industry works to produce its first commercial computer chip by year-end. Modi's comments came during the Semicon India event in New Delhi.

Indian Prime Minister Narendra Modi has underscored his confidence in the country's semiconductor industry, highlighting its potential to produce its first commercial computer chip by the end of 2025. Modi's remarks came during the Semicon India event in New Delhi, which aimed to strengthen the country's semiconductor ecosystem.

Modi emphasized the global trust in India's capabilities to build the semiconductor future, noting the presence of over 40 international delegations at the event. He highlighted the importance of semiconductors as a key driver of global growth, comparing them to digital diamonds. The Prime Minister also pointed to India's robust economic growth trajectory, with the country's GDP growth in Q1 FY26 outpacing expectations despite global uncertainties.

Modi noted the progress of the India Semiconductor Mission (ISM) Phase 2, stating that the design is ready and the groundwork is aligned. He emphasized that the government's policies are designed for the long term to secure India's leadership in the semiconductor industry. The Prime Minister also encouraged state governments to engage in healthy competition to build a robust semiconductor ecosystem.

The Semicon India 2025 event, jointly organized by ISM and SEMI, brought together global leaders, innovators, academia, policymakers, and the wider electronics ecosystem to discuss the future of semiconductors in India. The event focused on strengthening the country's semiconductor ecosystem, with discussions on progress in the sector, updates on semiconductor fabrication units, advanced packaging projects, and infrastructure readiness.

The event also highlighted the government's Design Linked Incentive (DLI) scheme, aimed at encouraging startups to design chips in India. The DLI scheme is part of the larger Rs 76,000 crore Semicon India Programme, which focuses on making India more self-reliant in semiconductor and electronics manufacturing.

Modi's comments reflect India's strategic push to become a global center for semiconductor research and manufacturing, aligning with the country's broader goal of self-reliance in key technologies. The success of this initiative could have significant implications for India's economic growth and global competitiveness.

References:
[1] https://www.business-standard.com/industry/news/modi-semicon-india-2025-semiconductor-investment-dli-scheme-ism-125090200380_1.html
[2] https://www.financialexpress.com/business/industry-pm-modi-semicon-india-2025-inauguration-today-semiconductor-chips-latest-news-3964059/
[3] https://www.ainvest.com/news/tesla-indian-gambit-navigating-tariffs-market-realities-global-ev-expansion-2509/