Semicon India 2024: PM Modi’s Vision for India’s Semiconductor Future

Here are 10 key points about PM Modi’s inauguration of Semicon India 2024:

1. Event Inauguration: Prime Minister Narendra Modi inaugurated Semicon India 2024 on September 11, 2024, at the India Expo Mart in Greater Noida, Uttar Pradesh.
2. Keynote Address: During his keynote address, PM Modi emphasized that “the world can bet on India when chips are down,” highlighting India’s resilience and potential in the semiconductor industry.
3. Silicon Diplomacy: PM Modi declared that “today is the era of Silicon Diplomacy,” positioning India as a key player in the global semiconductor landscape.
4. Global Participation: India is the 8th country to host this significant global semiconductor event, showcasing its growing importance in the industry.
5. Workforce Development: The Indian government is preparing a semiconductor workforce of 85,000 technicians, engineers, and R&D experts to support the industry’s growth.
6. Integrated Ecosystem: PM Modi highlighted India’s integrated ecosystem, which includes stable policies and ease of doing business, making it an attractive destination for semiconductor investments.
7. Digital Public Infrastructure: The Prime Minister noted that semiconductor chips are crucial for India’s digital public infrastructure, which has remained resilient during global crises.
8. Market Growth: India’s semiconductor market, currently valued at $23.2 billion, is projected to reach $80.3 billion by 2028, with a compound annual growth rate (CAGR) of 17.10%.
9. Three-Dimensional Power: PM Modi identified India’s “3-D power” as a reform-minded government, an expanding manufacturing base, and a burgeoning market.
10. Future Vision: The conference aims to position India as a global hub for semiconductor manufacturing, with participation from top executives and industry leaders worldwide.