SEMICON India 2026: PM Modi hails India’s semiconductor journey, says ‘ecosystem expanding, opening new opportunities'
At SEMICON India 2026, PM Modi emphasized India's advancements in semiconductor manufacturing, launching 12 projects and increasing funding to USD 13.5 billion. He noted India's strategic position in global supply chain and importance of innovation as the country strengthens its ecosystem.
Prime Minister Narendra Modi addressed the opening of SEMICON India 2026, highlighting India's rapid advancement in the semiconductor industry. Speaking at the event, the Prime Minister announced that India is in the second phase of its semiconductor journey and has approved 12 chip-making projects. He emphasized that the country is taking measures to become a preferred location for semiconductor manufacturing, with an expanded budget of USD 13.5 billion for the India Semiconductor Mission 2.0.
The event is expected to attract around 50,000 visitors from 52 countries and over 600 participating companies. Modi also highlighted the government's efforts to train 1 lakh engineering students for the semiconductor industry and attract global semiconductor equipment suppliers. He underscored India's growing global credibility, citing the recent success of the BRICS Summit.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
