PM PITCHES INDIA AS SEMICON PARTNER TO GLOBAL CEOS

Says democracy and technology can ensure welfare of humanity

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Assuring that the government will follow a predictable and stable policy regime, Prime Minister Narendra Modi on Tuesday said India has the capability to become a trusted partner in a diversified semiconductor supply chain.

Chairing the Semiconductor Executives' Roundtable at his residence at 7, Lok Kalyan Marg, he said that their ideas will not only shape their business but also India's future. He also said democracy and technology together can ensure the welfare of humanity, adding that India is moving ahead on this path recognising its global responsibility in the semiconductor sector.

Noting that coming time will be technology-driven, PM Modi said semiconductor is the basis of the digital age and the day is not far when the semiconductor industry will be the bedrock for even basic necessities.

According to an official release, the Prime Minister talked about the pillars of development which include developing social, digital and physical infrastructure, giving boost to inclusive development, reducing compliance burden and attracting investment in manufacturing and innovations. He underscored that India has the capability to become a trusted partner in a diversified semiconductor supply chain.