Published by: Vivek Dubey
The global semiconductor industry gathered in Gandhinagar for Semicon India 2023, a conference inaugurated by Prime Minister Narendra Modi on Friday. Some of the main points from the event are:
PM Modi says India can become a trusted chip supplier for the world and a great conductor for the global semiconductor sector.
PM Modi notes how the question has changed from ‘Why invest in India?’ to ‘Why not invest in India?’ in the past year.
PM Modi highlights India’s huge role in the global semiconductor industry, driven by its future aspirations and digital transformation.
PM Modi declares that the world needs a trusted supplier of chips and who better than India, which has a stable, responsible and reform-oriented government.
PM Modi points out three benefits that India provides to potential investors: its democracy, its demography and its dividend.
PM Modi says India has low corporate taxes, faceless and seamless taxation, and special incentives for semiconductors.
PM Modi says India’s digital and electronic manufacturing sector has grown rapidly, increasing its global share and doubling its exports.
PM Modi welcomes representatives of several major companies such as Micron Technology, Applied Materials, Foxconn, SEMI, Cadence and AMD to the conference.
PM Modi announces the National Quantum Mission, through which the government has identified over 300 colleges where courses on semiconductors will be available.