India best positioned to host entire semiconductor ecosystem: PM Modi at SEMICON
Hindustan TimesPrime Minister Narendra Modi on Wednesday said that India’s semiconductor ecosystem is a solution not just for the country’s challenges but also for global challenges. Speaking at the inauguration of the SEMICON India conference in Greater Noida, PM Modi said India’s reform focussed government, its growing manufacturing base, and its aspirational market that is aware of technological trends are the three dimensions unique to India that make the country best suited to enable an ecosystem for semiconductor manufacturing. PM Modi also spoke about India’s semiconductor mission under which the government offers 50% financial support to companies to set up semiconductor manufacturing facilities. PM Modi explained that India’s semiconductor policy provides financial support for front-end fabs, display fabs, semiconductor packaging and other critical components of the supply chain.