-
PM Modi inaugurated Semicon India 2024, emphasizing India’s growing semiconductor industry and favorable business environment.
-
The government aims to develop a semiconductor workforce of 85,000 experts and enhance the country’s semiconductor infrastructure.
-
India’s semiconductor market is projected to grow from $23.2 billion to $80.3 billion by 2028, with a CAGR of 17.10%.
Prime Minister Narendra Modi inaugurated Semicon India 2024, a three-day event showcasing India’s semiconductor strategy and policies. He highlighted the country’s unique semiconductor industry, favorable business conditions, and consistent policies, making it an attractive destination for investment.
PM Modi emphasized the importance of the semiconductor industry, stating that it forms the foundation of India’s Digital Public Infrastructure. He also pointed out that the industry has the potential to fulfill the aspirations of millions.
The government is committed to developing a skilled semiconductor workforce and enhancing the country’s infrastructure. With a projected growth rate of 17.10%, India’s semiconductor market is expected to reach $80.3 billion by 2028. Semicon India 2024 aims to position India as a global hub for semiconductor manufacturing, featuring top executives and industry leaders from around the world.
