New Delhi: Prime Minister Narendra Modi on Wednesday emphasized India’s growing strength by attending the second day of the fourth edition of Semicon India 2025 at Yashobhoomi (India International Convention and Expo Center) in Delhi.
Prime Minister Modi inaugurated ‘Semicon India-2025’ on Tuesday. Its aim is to give impetus to India’s semiconductor ecosystem. He said that the world trusts India and is ready to build the future of semiconductors with the country. It is often said in the world of semiconductors that ‘oil was black gold, but chips are digital diamonds.’ Commenting on this, the Prime Minister said that oil shaped the last century and the fate of the world is decided by oil wells. The ups and downs in the global economy depend on how much petroleum was extracted from these wells.
However, he emphasized that the power of the 21st century is now concentrated in small chips. Despite being small in size, these chips have the potential to accelerate global progress exponentially.
Prime Minister Modi emphasized that the global semiconductor market has already reached $600 billion and is expected to cross $1 trillion in the coming years. He expressed confidence that given the pace at which India is moving ahead in the semiconductor sector, India will have a significant share in this $1 trillion market.
Prime Minister Modi recalled that the Semiconductor India program was launched in 2021. By the year 2023, India’s first semiconductor plant had been approved, several more plants were approved in 2024.
Along with this, 5 additional projects were approved in the year 2025. He said that 10 semiconductor projects are currently underway, involving investments of over $18 billion.
The Prime Minister emphasized that this reflects the growing global confidence in India. Emphasising on the importance of speed in the semiconductor sector, PM Modi said, “The shorter the time from file to factory and the lesser the paperwork, the sooner the wafer work can start.” He emphasised that the government is working with this vision. Apart from this, the National Single Window System has been implemented. This will enable all approvals from both the Centre and the State to be obtained on a single platform. As a result, investors have been freed from lengthy paperwork, he said.
The Prime Minister highlighted that semiconductor parks are being developed across the country under the plug-and-play infrastructure model, which provide facilities such as land, power supply, port and airport connectivity and access to skilled workers.
He said that when such infrastructure is coupled with incentives, industrial growth is inevitable. Whether through PLI incentives or design-linked grants, India is providing the entire capabilities. He stressed that this is the reason why investments continue to flow.
