Semiconductors consumption in India projected to cross $80 billion by 2026: PM Modi
29 Apr 2022 13:24:05
New Delhi, April 29: Prime Minister Narendra Modi, on Friday, hailed India for being an attractive investment destination for the semiconductor technologies, and said India's own consumption of semiconductors is expected to cross $80 billion by 2026, and may touch $110 billion by 2030. He said this while inaugurating the 3-day Semicon India Conference-2022 in Bengaluru.
The PM asserted, "We have an exceptional semiconductor design talent pool which makes up to 20 per cent of the world's semiconductor design engineers. Almost all of the top 25 semiconductor design companies have their design or Research and Development centers in our country."
Union Ministers, semiconductor industry business leaders, investors, academics and diplomats were among those present on the occasion.
PM Modi said that India is building a digital infrastructure to connect over 1.3 billion citizens.
"We are using digital technology to transform lives in all sectors of governance from health and welfare to inclusion and empowerment," PM Modi said.
The PM asserted, "We have an exceptional semiconductor design talent pool which makes up to 20 per cent of the world's semiconductor design engineers. Almost all of the top 25 semiconductor design companies have their design or Research and Development centers in our country."
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He also said that the recently announced Semicon India's programme with a total outlay of over $10 billion aims to provide financial support to companies investing in semiconductors, display manufacturing, and design ecosystems.
Union Ministers, semiconductor industry business leaders, investors, academics and diplomats were among those present on the occasion.