India Fast-Tracks Semiconductor Revolution with Strategic Investments

Union Minister Ashwini Vaishnaw reviews semiconductor plants in Gandhinagar highlighting significant progress in India's semiconductor manufacturing. Emphasizing the industry's role in digital advancement, the government supports growth with a Rs 76,000 crore PLI scheme, aiming to enhance India's economic security and strategic independence in technology.

Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, conducted a comprehensive review of four semiconductor chip plants in Gandhinagar on Monday. The review emphasized India's commitment to advancing semiconductor manufacturing, a sector crucial for technological progress and economic resilience.

Joined by Gujarat Chief Minister Bhupendra Patel and IT Minister Arjun Modhwadia, Vaishnaw noted the promising developments in all four projects, which align with Prime Minister Narendra Modi's vision for electronics manufacturing. Three of these plants are anticipated to reach significant production stages within months, with Kaynes and CG plants already initiating pilot production.

Highlighting India's landmark achievements, such as the recent launch of a full-fledged OSAT facility, the Minister stressed the importance of semiconductors across various sectors, including healthcare and defense. As India embarks on the next phase with Semicon 2.0, ongoing investments showcase the nation's strategic push toward becoming a global semiconductor hub.

(With inputs from agencies.)