PM asks industry to make India semiconductor hub
Business Standard|April 30, 2022
IT minister says will grant approvals to chip makers in 6-8 months
PEERZADA ABRAR
PM asks industry to make India semiconductor hub

Prime Minister Narendra Modi on Friday urged industry to make India a global hub for semiconductors, asserting that the government had "put the odds in your favour as far as possible through a supportive policy environment".

The prime minister, in his inaugural address at the Semicon India-2022 conference in Bengaluru, said a new world order was forming and the country must seize the opportunity. He further said India had an appetite for "technology and risk-taking".

Modi said there was a collective aim to establish India as one of the key partners in global semiconductor supply chains. "We want to work in this direction based on the principle of hi-tech, high quality, and high reliability," he said, adding that "semiconductors are playing a critical role in the world in more ways than we can imagine".

This story is from the April 30, 2022 edition of Business Standard.

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This story is from the April 30, 2022 edition of Business Standard.

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