Prime Minister Narendra Modi welcomed global semiconductor companies to invest in India on Friday, claiming that whoever comes first will have a “first mover’s advantage.”

PM Modi urged investors at the ‘Semicon India Conference 2023‘ in Gandhinagar, Gujarat, “You have to develop a chip-making ecosystem for Indians.” Whoever comes forward first, I feel, will have an advantage.” The Conference’s subject is “Catalyzing India’s Semiconductor Ecosystem.”

It aspires to bring together global leaders from business, academia, and research. It demonstrates India’s semiconductor strategy and philosophy, which aims to make the country a global hub for semiconductor design, manufacture, and technological development.

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ImageCredit: bbc

According to him, India is developing as a reliable partner in the global semiconductor supply chain.

The world today requires a trusted and reliable semiconductor supply chain. PM Modi stated that the largest democracy can be such a trustworthy partner.

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“The world’s trust in India is increasing.” “The trust is due to a stable, responsible, and reform-minded government,” remarked the Prime Minister.

Indians are technologically sophisticated and ready to embrace new technology. He noted that India’s goals are driving its growth and that inexpensive data access in villages, high-quality digital infrastructure, and reliable power supply are driving data usage in the country.

Representatives from prominent firms including Micron Technology, Applied Materials, Foxconn, SEMI, AMD, and others attended SemiconIndia 2023.