Prime Minister Narendra Modi Highlights India’s Tech Growth in New York
Prime Minister Narendra Modi addressed CEOs of leading tech companies in New York, showcasing India’s growing stature as a global technology and innovation hub. During his three-day visit to the US, Modi emphasized India’s strides in the semiconductor sector, electronics, and workforce development.
Semiconductor Sector
Modi highlighted India’s significant progress in semiconductor technology, noting a 20% share in semiconductor design and an additional investment of $15 million. He also mentioned the launch of a ‘Design in India’ campaign and a $12 billion research fund to promote high-end research and innovation.
Electronics Sector
Modi emphasized the current worth of India’s electronics sector at over $150 billion and set an ambitious goal to reach $500 billion by 2030, creating 6 million new jobs. He expressed readiness to collaborate with the industry to achieve this target.
Workforce Development
Modi reaffirmed India’s capacity to be a reliable partner in the global semiconductor ecosystem supply chain, citing a working population of over 500 million with an average age of 28 years. He highlighted the growing interest in STEM education among Indian youth, including girls, and the aim to train 85,000 technicians, engineers, and R&D experts in the next 1-2 years.
Vibrant Digital Ecosystem
Modi stated that India possesses one of the most vibrant digital ecosystems in the world, with the third-largest startup ecosystem and the largest pool of young talent globally.
Doubts Revealed
Prime Minister Narendra Modi -: He is the leader of India, like a head teacher in a school but for the whole country.
CEOs -: CEOs are the big bosses of companies. They make important decisions to help the company grow.
semiconductor sector -: Semiconductors are tiny parts used in electronic devices like computers and phones to make them work.
electronics -: Electronics are gadgets and devices like TVs, smartphones, and computers that use electricity to work.
workforce development -: This means helping people learn new skills so they can get good jobs and help the country grow.
Design in India campaign -: This is a plan to encourage people in India to create and design new products and technologies.
$12 billion research fund -: This is a large amount of money set aside to help scientists and engineers discover new things.
$500 billion by 2030 -: This is a goal to make the electronics industry in India very big and successful by the year 2030.
STEM education -: STEM stands for Science, Technology, Engineering, and Mathematics. It’s about learning these subjects to solve problems and create new things.
global semiconductor supply chain -: This is the worldwide network of companies and people who make and deliver semiconductors to different places.
