PM Modi highlights India’s Semiconductor potential, cites Ashwini Vaishnaw’s insights

Prime Minister Narendra Modi Wednesday underscored India’s growing potential in the semiconductor sector, citing Union Minister Ashwini Vaishnaw’s recent write-up on the country’s transformative journey in this field. According to PM Modi, Vaishnaw’s insights highlight India’s poised position to emerge as a competitive hub for the entire semiconductor value chain.

PM Modi referred to Vaishnaw’s statement, “Over the next decade, as our semiconductor units achieve maturity and scale, India is poised to emerge as a competitive hub for the entire semiconductor value chain,” emphasising the government’s confidence in India’s semiconductor industry.

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Vaishnaw has highlighted India’s transformative journey in the semiconductor sector, pointing out the country’s potential to emerge as a competitive hub for the entire semiconductor value chain.

“Over the next decade, as our semiconductor units achieve maturity and scale, India is poised to emerge as a competitive hub for the entire semiconductor value chain,” Vaishnaw said, underscoring the government’s confidence in India’s growing semiconductor industry.

The three-day ongoing Semicon India Summit 2025 has brought together industry leaders, policymakers, and experts to discuss the latest trends and opportunities in the sector. The summit aims to advance India’s semiconductor ecosystem and showcase the country’s potential as a major player in the global semiconductor market.

The government has been actively promoting the semiconductor sector through initiatives like the Semicon India programme, which provides incentives and support to companies setting up semiconductor manufacturing units in the country. Plans to establish semiconductor fabrication plants and advanced packaging facilities are also underway, further strengthening India’s semiconductor ecosystem.

With the global semiconductor market projected to reach USD 1 trillion in the coming years, India is well-positioned to capitalise on this growth opportunity. Vaishnaw’s observations highlight the government’s commitment to driving India’s semiconductor industry forward, with a focus on innovation, investment, and collaboration.