Made In India Chip Very Important For Developed Nation: PM

The foundation of developed India will be laid on the basis of self-reliance for which having chips made in India is very important, Prime Minister Narendra Modi said on Saturday.

- Press Trust Of India

In a virtual address to lay the foundation stone of India Chip Pvt Ltd -- the HCL Group and Foxconn JV -- Modi said a weak supply chain of tiny chips during the Covid-19 pandemic halted development of several economies and stopped work at various factories.

"Developed India will be built only when India is self-reliant. For this, Made in India chip is very important. Whatever India is doing in the field of technology in this decade, it will become the foundation of our capability in the 21st century," Modi said.

He said with chips being made in India, the country will not have to depend on others for manufacturing our modern equipment.

"During the Covid-19 pandemic, we saw how fragile the chip supply chain was. When chip supply was disrupted, factories stopped and economies faltered. India learned from that crisis and turned it into an opportunity. We decided to make India self-reliant in chip manufacturing. For this, we are building a semiconductor ecosystem in India," Modi said.