Prime Minister Narendra Modi on Tuesday said that India is advancing in the semiconductor sector and will hold a significant share in this USD 1 trillion market.
Addressing the gathering at ‘Semicon India – 2025’, Modi said, “The global semiconductor market has already reached USD 600 billion, and in the coming years, it is expected to surpass USD 1 trillion. Given the pace at which India is advancing in the semiconductor sector, India will hold a significant share in this USD 1 trillion market.”
He emphasized that India’s innovation and youth power are also visibly present at the event. He stated that this unique combination sends a clear message, “The World trusts India, the World believes in India and the World is ready to build the Semiconductor Future with India”.
Pointing to the GDP figures for the first quarter of this year that were released recently, the Prime Minister said, “Once again, India has outperformed every expectation, every estimate, and every forecast”.
He noted that while economies around the world are facing concerns and challenges driven by economic self-interest, India has achieved a growth rate of 7.8 per cent.
Remarking that in the world of semiconductors, it is often said, ‘Oil was black gold, but chips are digital diamonds’, the Prime Minister stated that oil shaped the previous century, and the fate of the world was determined by oil wells. The global economy fluctuated based on how much petroleum was extracted from these wells.
However, he emphasized that the power of the 21st century is now concentrated in the small chip. Though tiny in size, these chips possess the potential to accelerate global progress significantly.
Emphasizing that India’s semiconductor success story is not confined to a single vertical or a single technology, Modi stated that India is building a comprehensive ecosystem—one that encompasses designing, manufacturing, packaging, and high-tech devices, all within the country.
He clarified that the Semiconductor Mission is not limited to establishing a single fab or producing a single chip. Rather, India is creating a robust semiconductor ecosystem that will make the nation self-reliant and globally competitive, the he added.
Semicon India – 2025 is a three-day Conference, from 2nd to 4th September, will focus on advancing a robust, resilient, and sustainable semiconductor ecosystem in India.
It features sessions on the progress of the Semicon India Programme, semiconductor fab and advanced packaging projects, infrastructure readiness, smart manufacturing, innovations in R&D and artificial intelligence, investment opportunities, state-level policy implementation, among others.
Additionally, the event will highlight initiatives under the Design Linked Incentive (DLI) scheme, the growth of the startup ecosystem, international cooperation, and the future roadmap for India’s semiconductor sector.
