India Eyes Big Share in $1 Trillion Semiconductor Market

 

New Delhi: Prime Minister Narendra Modi on Tuesday said India is fast emerging as a key player in the global semiconductor industry, with the country building a complete ecosystem from design to manufacturing and packaging.

Inaugurating Semicon India 2025 in New Delhi, he declared that India’s ambition is to become self-reliant and globally competitive in chip technology.

India to Be Global Chip Hub

Highlighting the sector’s booming prospects, Modi noted that the global semiconductor market has already touched $600 billion and is on track to cross $1 trillion in the coming years. “India will claim a significant share in this growth. Our focus is to empower emerging technologies through chips made in India,” he said.

The Prime Minister asserted that the world has confidence in India’s capabilities. “The world trusts India, believes in India, and is ready to build the semiconductor future with India,” he told delegates, welcoming experts from over 40 countries attending the event. He stressed that India’s strength lies in its innovation and youth power.

Pointing to recent economic data, Modi underlined India’s resilience amid global challenges. He said the country recorded 7.8% growth in the first quarter, surpassing global forecasts, even as many economies are slowing down. “India’s rapid growth is infusing new energy into industries and inspiring every citizen,” he added.

The three-day conference will deliberate on building a robust, resilient, and sustainable semiconductor ecosystem. Sessions will cover R&D, artificial intelligence, investment opportunities, smart manufacturing, and state-level policies. Modi is also scheduled to join a CEO roundtable on Wednesday.

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