India strengthening as a semiconductor supplier: PM Modi
Prime Minister Narendra Modi on Tuesday said the 21st Century has brought several challenges and global supply chains have been affected due to conflicts, emphasising that the government is laying a strong foundation for technology and energy security in the coming decades.
Modi inaugurated Kaynes Semicon’s outsourced semiconductor plant in Sanand, marking the commencement of production, and said India is strengthening its role as a reliable semiconductor supplier in the global market.
In a sense, a new bridge has emerged today between Sanand and Silicon Valley, he said.
Addressing a gathering on the occasion, Modi said India is actively building a robust semiconductor ecosystem and simultaneously making significant efforts to establish a resilient supply chain for raw materials.
Modi noted that when the Coronavirus pandemic disrupted supply chains, India had decided to become a hub of semiconductor manufacturing.
“India is actively building a robust semiconductor ecosystem and simultaneously making significant efforts to establish a resilient supply chain for raw materials. India’s participation in Pax Silica is a testament to this very endeavour. Working in tandem with our global partners, we aim to ensure a secure supply chain,” Modi added.