Prime Minister Modi Hosts Semiconductor Leaders to Boost India’s Tech Future
On Tuesday, Prime Minister Narendra Modi chaired a roundtable with leaders from the semiconductor industry at his residence in New Delhi. He emphasized that their ideas would shape both their businesses and India’s future, highlighting the importance of semiconductors in the Digital Age.
Modi discussed India’s development pillars, including social, digital, and physical infrastructure, and stressed the country’s capability to become a trusted partner in the global semiconductor supply chain. He also mentioned the government’s focus on skilling the workforce and creating a business-friendly environment.
CEOs and representatives from various organizations, including SEMI, Micron, and NXP, praised India’s commitment to the semiconductor sector. They noted the country’s potential to become a global powerhouse and appreciated the stable and supportive environment.
The Union Cabinet has approved several semiconductor units in Gujarat and Assam, with significant investments and production capacities. These units are expected to contribute to a robust semiconductor ecosystem in India.
SEMICON India 2024, focusing on the semiconductor ecosystem, will be held in Greater Noida.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He makes important decisions for the country.
Semiconductor -: A semiconductor is a special material used to make electronic devices like computers and smartphones work.
Roundtable -: A roundtable is a meeting where people discuss important topics. In this case, it was about semiconductors.
Infrastructure -: Infrastructure means the basic systems and structures needed for a country to work well, like roads, electricity, and internet.
Compliance -: Compliance means following rules and laws. Reducing compliance means making it easier to follow these rules.
CEOs -: CEOs are the top bosses of companies. They make big decisions for their businesses.
Union Cabinet -: The Union Cabinet is a group of top leaders in the Indian government who help make important decisions.
Gujarat and Assam -: Gujarat and Assam are states in India. They are places where new semiconductor units will be built.