Emphasizing India’s potential in the semiconductor sector, Modi expressed ambition for the nation to emerge as a robust player in semiconductor production. By enhancing indigenous semiconductor manufacturing, India can not only cater to its domestic demands but also contribute to the global supply chain. Modi pledged governmental support through policy enhancements to facilitate this vision.

In a show of confidence in the semiconductor industry, Modi assured full cooperation from the government towards its advancement. He commended the proactive approach of the central government in driving the sector forward, noting the escalating global focus on India’s semiconductor landscape. The Prime Minister highlighted the growing interest of international corporations in investing in India, marking a significant shift towards increased opportunities in the country.

Discussing innovation, Modi encouraged the generation of fresh ideas that would not only propel businesses but also steer India’s trajectory towards progress. Recognizing semiconductors as essential across various sectors, Modi advocated for investments in novel concepts to bolster social, digital, and infrastructural development. He reiterated the government’s commitment to nurturing talent through skill development initiatives to enhance efficiency in industries.

Accompanied by Union Information and Broadcasting Minister Ashwini Vaishnav and representatives from leading semiconductor firms, Modi anticipates inaugurating Semicon India 2024 on September 11. This global event, themed “Shaping the Semiconductor Future,” will convene industry stalwarts, with over 250 exhibitors and 150 speakers slated to participate. The event symbolizes India’s dedication to establishing itself as a pivotal hub in the semiconductor domain.

India’s pursuit of self-reliance in semiconductor manufacturing is underscored by the Indian Semiconductor Mission (ISM), initiated in 2021. The mission aims to incentivize and subsidize companies to establish chip manufacturing units in India, pivotal in realizing the nation’s semiconductor autonomy.

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During the conversation, they discussed various regional and global issues, including the situation in Ukraine. Prime Minister Modi also briefed President Biden about his recent visit to Ukraine, emphasizing the importance of peace and stability between the two countries.

Additionally, the leaders addressed the situation in Bangladesh, expressing concerns over the safety of Hindus and the need to restore normalcy promptly. Modi reiterated his commitment to strengthening multilateral cooperation, including the Quad.

Prime Minister Modi praised Biden’s commitment to the India-US comprehensive global strategic partnership based on shared values of democracy, rule of law, and strong people-to-people ties. A statement released from the Prime Minister’s Office (PMO) highlighted the significant progress made in bilateral relations.

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