Modi Aims to Make India a Global Hub for Semiconductors

Modi Aims to Make India a Global Hub for Semiconductors
Indian Prime Minister Narendra Modi gestures as he addresses a public meeting at Jerenga Pathar in Sivasagar district of India's Assam state on Jan. 23, 2021. Biju Borg/AFP via Getty Images
Aldgra Fredly
Updated:

Prime Minister Narendra Modi said on April 29 that he aims to make India a key player in the global semiconductor supply chain, with the country’s consumption of semiconductors estimated to exceed $110 billion by 2030.

Modi urged industry leaders and investors to “seize the opportunity,” saying that semiconductors play a critical role in the formation of “a new world order.”