Prime Minister Modi's Initiative on Semiconductor Sector

Prime Minister  emphasized India's potential as a prime destination for semiconductor designing and manufacturing during a roundtable with both international and domestic executives from the semiconductor industry.

Discussion Highlights

• Prime Minister Modi discussed India's relentless reform journey in the semiconductor sector, focusing on: 
  1. Building robust infrastructure
  2. Emphasizing skilling and innovation
• The confidence of leading firms in India's potential as a global hub for semiconductor innovation and manufacturing was highlighted.
• The Prime Minister noted the importance of continuous feedback from the industry for shaping future policies.

India Semiconductor Mission (ISM) and Future Roadmaps

• The Ministry of Electronics and Information Technology is developing the framework for ISM 2.0.
• The initial India Semiconductor Mission (ISM) launched in 2020 has attracted investments of ₹1.5 lakh crore across 10 semiconductor projects.
• The projects under ISM are in various stages of completion.