Want India to be a key partner in global semiconductor supply chain: PM Modi
Hindustan TimesPrime Minister Narendra Modi on Friday called for a collective aim to establish India as one of the key partners in global semiconductor supply chain. The prime minister also informed the people about the recently-announced $10 billion Semi-con India programme, which aims to provide financial support to the companies investing in semiconductors, manufacturing and design ecosystems. “I see six reasons for India being an attractive investment destination for semi conductor technology.We want to work in this direction based on the principle of high technology, high quality, and high reliability,” the prime minister said. Thirdly, India is headed for robust economic growth with the world's fastest growing startup ecosystem,” the prime minister said, adding that the country's own consumption of semiconductors is set to cross $80 billion by 2026 and $110 billion by 2030.