While inaugurating SemiconIndia 2023 at Mahatma Mandir in Gandhinagar, Modi said, ''India does not disappoint. The country’s democracy, demography and dividend will double and triple the businesses in India.''
Due to supply-chain disruptions, many countries have announced financial incentives to companies for semiconductor manufacturing.
Samsung is the world's largest chip(semiconductor) maker in the world, and the company already has a giant chip plant in Austin.
The Prime Minister said that with steps like connecting six hundred thousand villages with broadband investment in developing capabilities in 5G, IoT, and clean energy technologies, India is paving the way to lead the next technology revolution.
