On September 11, 2024, Prime Minister Narendra Modi inaugurated SEMICON India 2024 at the India Expo Mart in Greater Noida, Uttar Pradesh. This event, running from September 11 to 13, showcases India’s commitment to becoming a global semiconductor hub. The conference brings together over 250 exhibitors and 150 speakers from the global semiconductor industry.
Key Details of the Event SEMICON India 2024
During his address, PM Modi emphasized that India is the eighth country to host this prestigious global event, which highlights India’s strategic push in the semiconductor industry. Modi made an analogy, comparing India to a diode, offering stable policies and a conducive business environment. He also praised India’s workforce of 85,000 professionals and a special research fund of Rs 1 trillion to support semiconductor development.
India’s Semiconductor Vision
PM Modi outlined India’s approach to strengthening its position in the global semiconductor market through three key factors:
- A reformist government
- A growing manufacturing base
- An aspirational market
He also stressed the importance of semiconductors in national growth and the Digital India Mission. India has been investing heavily in this sector, with the government providing 50% funding for semiconductor manufacturing facilities and efforts to secure critical minerals needed for production.
Global Impact and Collaborations
India’s push to become a semiconductor powerhouse goes beyond national borders. Modi highlighted India’s role in international semiconductor initiatives like the Indo-Pacific Economic Framework and QUAD Semiconductor Supply Chain Initiative. Collaborations with countries like Japan, Singapore, and the U.S. further enhance India’s presence on the global stage. Modi also announced plans for a Semiconductor Research Center in collaboration with IITs and the Indian Institute of Space Sciences.
India’s Strategic Growth in Electronics
India aims to expand its electronics sector from $150 billion to $500 billion by the end of this decade, creating 6 million jobs. PM Modi also spoke about India’s rapid growth in mobile phone production and 5G technology under the Digital India Mission. He stressed the need for a resilient global supply chain and reiterated India’s commitment to a technology-driven, democratic, and crisis-resistant world.
Summary of SEMICON India 2024
- Prime Minister Modi inaugurated SEMICON India 2024, focusing on making India a global semiconductor hub.
- He outlined India’s strengths in semiconductor manufacturing, research, and government support.
- India is involved in international collaborations and research initiatives to secure its place in the global semiconductor supply chain.
- India’s electronics sector is set to grow, creating millions of jobs and improving digital infrastructure.
- The event brought together global leaders, industry experts, and major companies to discuss the future of semiconductors.
SEMICON India 2024 is a major event focused on India’s semiconductor strategy, aiming to make India a global leader in semiconductor manufacturing.
India aims to grow its semiconductor sector, improve digital infrastructure, and create millions of jobs.
India is collaborating with countries like Japan, Singapore, and the U.S. in semiconductor research and supply chain initiatives.
The Indian government is providing 50% funding for semiconductor manufacturing facilities and investing in research.
AI and 5G technology are part of India’s broader Digital India Mission, which aims to modernize the country’s digital infrastructure.
