The conference will feature over 250 exhibitors and 150 speakers from around the world, showcasing India's semiconductor strategies and policies². PM Modi emphasized India's potential to become a reliable partner in the global semiconductor supply chain and assured stable and predictable policies to support the industry's growth.
In his speech at the SEMICON India 2024 conference, PM Modi highlighted several key points:
1. India's Semiconductor Vision: He emphasized India's ambition to become a global semiconductor hub, leveraging its talent pool and favorable policies.
2. Government Support: Modi assured that the government would provide stable and predictable policies to support the semiconductor industry, including incentives for manufacturing and research.
3. Global Partnerships: He stressed the importance of international collaborations and partnerships to strengthen India's position in the global semiconductor supply chain.
4. Innovation and Talent: The Prime Minister highlighted the need for innovation and skill development, encouraging investments in education and training to build a robust semiconductor ecosystem.
5. Sustainability: Modi also touched upon the importance of sustainable practices in semiconductor manufacturing, aligning with global environmental goals.
These points reflect India's strategic focus on becoming a key player in the semiconductor industry.
 |
India has been actively developing policies to boost its semiconductor industry.
India Semiconductor Mission (ISM) is an initiative that aims to build a robust semiconductor and display ecosystem in India. It provides fiscal support for setting up semiconductor fabs, display fabs, and other related facilities.
The Production-Linked Incentive (PLI) Scheme offers financial incentives to companies that set up semiconductor manufacturing units in India. The goal is to attract global semiconductor companies to invest in India.
Design-Linked Incentive (DLI) Scheme focuses on promoting semiconductor design companies by providing financial support for their projects.
Besides, India has signed agreements with countries like the US and Japan to enhance bilateral collaboration on semiconductor supply chains.
Advertisements