Prime Minister Narendra Modi attended the second day of the fourth edition of SEMICON India 2025 at Yashobhoomi (India International Convention and Expo Centre) on Wednesday, reaffirming India’s ambition to become a global hub for semiconductor manufacturing.
The Prime Minister had inaugurated the event on Tuesday, describing the programme as a catalyst to build India’s semiconductor ecosystem and asserting that “the world trusts India and is ready to shape the semiconductor future with us.”
Calling semiconductors the “digital diamonds” of the modern world, PM Modi said, “Oil shaped the 20th century, but in the 21st century, the power lies in chips. Small in size, but immense in potential, these chips are driving global progress.”
He noted that the global semiconductor market, currently valued at $600 billion, is expected to surpass $1 trillion in the coming years, adding that India is on track to secure a substantial share of this market.
Recalling the country’s recent milestones, PM Modi outlined India’s semiconductor journey:
- 2021: Launch of Semicon India programme
- 2023: Approval for India’s first semiconductor plant
- 2024: Several new plants cleared
- 2025: Five additional projects approved
In total, ten semiconductor projects worth over $18 billion (₹1.5 lakh crore) are now underway.
The Prime Minister emphasised ease of business reforms, noting that the National Single Window System now provides all approvals from both Centre and States on one platform, reducing paperwork and accelerating project timelines.
He also highlighted the creation of plug-and-play semiconductor parks, offering ready infrastructure such as land, power, connectivity, and skilled manpower. Combined with PLI incentives and Design Linked Grants, he said, India now offers end-to-end capabilities for the industry.
“Speed matters in the semiconductor sector. The quicker the journey from file to factory, the faster the world benefits. That is the government’s approach,” PM Modi said, urging global investors to take advantage of India’s momentum.
