The businessman received help from this government initiative
The Government of India is making all possible efforts to make India a world leader in the semiconductor sector. The semiconductor industry which is today occupied by other countries of the world like China and Taiwan. India wants to be at the forefront in this race. Prime Minister Modi is also working hard in this regard.
This was stated by PM Modi at a round table of senior officials and experts from the semiconductor sector at his official residence. He said that the ideas of the participants in the meeting will shape not only their businesses but also the future of India. According to the statement issued by the Prime Minister’s Office, PM Modi described the times ahead as technology-driven and said that semiconductors are the foundation of the digital era and the day is not far when the semiconductor industry will prove to be the foundation stone for basic needs as well.
Why is the confluence of democracy and technology necessary?
He stressed that democracy and technology together can ensure the well-being of humanity and India is moving forward on this path, recognising its global responsibility in the semiconductor sector. The statement said they discussed the pillars of development, which include developing social, digital and physical infrastructure, promoting inclusive growth, reducing compliance burden and attracting investments in manufacturing and innovation.
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India has the potential to become a reliable partner in the diverse semiconductor supply chain. He also mentioned the government’s strong focus on the availability of talent and skills in India for the availability of skilled manpower. He said that India’s focus is on developing globally competitive products. He said that India is a big market for investment in advanced technology infrastructure and the enthusiasm of the semiconductor giants will motivate the government to work harder in this sector.
This is India’s vision
PM Modi assured the semiconductor sector representatives that the government will continue to follow a favourable and stable policy regime. He said that the government will continue to support the industry at every step, focusing on Make in India and Make for the World.
