Days India becoming global power not very far: PM Modi
DHOLERA: Prime Minister Narendra Modi on Wednesday laid the foundation stone of three semiconductor facilities in India at Rs 1.25 lakh crore, and said the country is eager to play a big role in the semiconductor sector and days are not far when it becomes a global power in this field.
Addressing people after virtually laying the foundation stone of the three semiconductor facilities -- two in Gujarat and one in Assam, PM Modi targeted the Congress, accusing the previous governments led by it of failing to convert India’s semiconductor dreams into reality due to the “inability” to understand the country’s potential, priorities and futuristic needs and its “lack of will and efforts”.
Referring to his government’s commitment to make the country a semiconductor manufacturing hub, he said when India commits, it delivers, and added that chip manufacturing opens the door of development with infinite possibilities.
“Two years ago, we declared a Semiconductor Mission and announced that we would take initiatives. Within a few months, we signed MoUs and today we are laying the foundation stones for three projects. India commits, India delivers and democracy delivers,” he said.
India is already decades behind in semiconductor manufacturing, but will not lose a single moment any longer, he said.
India’s semiconductor dreams were first envisioned during the 1960s, but the then governments failed to act upon them due to their lack of will and efforts to convert the resolutions into accomplishments, he said.
Modi said India will get the strategic advantage of decisions taken and policies framed by his government to encourage the ease of doing business by removing over 40,000 compliances, making FDI policies liberal in defence, insurance and telecom sectors, etc. The country’s youth will be the biggest beneficiary of the semiconductor industry, the PM said. He said the country has always been a space, nuclear and digital power. “In the coming time, we will begin commercial production of semiconductor products. Days are not far when India becomes a global power in this field as well,” he said.
Chip manufacturing is not just an industry, but opens the door of development that is full of infinite possibilities. The sector will not just create jobs for India, but will also develop technology advancement, Modi said.
PM Modi laid the foundation stone of three facilities semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) in Gujarat, outsourced semiconductor assembly and test (OSAT) facility at Morigaon in Assam and the OSAT facility at Sanand in Gujarat.
The country’s youth will be the biggest beneficiary of the semiconductor industry, said Prime Minister Narendra Modi