Union Minister of State for Commerce and Industry Jitin Prasada on Wednesday credited Prime Minister Narendra Modi for hosting the three-day ‘Semicon India 2024’ at Greater Noida, saying India will soon become the world’s third-largest economy due to its semiconductor technology.
“It is due to the resolve and vision of the Prime Minister that national and international CEOs and cyber experts on semiconductors have come to India. It is a big moment for India that these champions of the industry are visiting the country,” the Union Minister told IANS.
Minister Prasada also said that, with the help of semiconductor technology, India is poised to become the third-largest economy in the world.
“Under the leadership of PM Modi, India is marching ahead. Today’s programme was also a huge success,” the Minister added after the Prime Minister inaugurated the three-day Semicon India 2024 on Wednesday.
Addressing the gathering, PM Modi said this is the right time to invest in semiconductor manufacturing in India. The country provides an integrated ecosystem for global players, ease of business, and a large talent pool.
Speaking to a packed house of key industry stakeholders, PM Modi said, “The chips are never down in India,” and “you can bet on our growth story.”
“Come, invest and create value and we will provide an integrated ecosystem for your growth. India has 20 per cent of the global talent in semiconductor design which is consistently growing. We are building an 85,000-strong semiconductor workforce with technicians, R&D experts and designers,” PM Modi said.
On Tuesday, top semiconductor company CEOs hailed PM Modi’s leadership, saying he has inspired India and the entire world.
– IANS
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