India developing very strong semi-conductor industry; first made-in-India chip in December: Ashwini Vaishnaw
11 months ago

India developing very strong semi-conductor industry; first made-in-India chip in December: Ashwini Vaishnaw

The Hindu  

The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said in Davos, crediting Prime Minister Narendra Modi for developing a very strong semi-conductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the Minister said PM Modi launched a semi-conductor policy in January 2022, adding that when he met senior representatives of the industry, the one thing they all were surprised about was how this much work could be done in such a short time. "All manufacturing CEOs, investment bankers and semi-conductor business heads are acknowledging these factors here at Davos and are saying that India has developed a very strong semiconductor industry," the Minister said. Editorial | Chip off the blocks: On semiconductor fabrication in India Talking about why developing this industry did not get much attention earlier, Mr. Vaishnaw said PM Modi's thought process is always focussed on a long-term vision, be it defence manufacturing, infrastructure investment or reforms across sectors.

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