North News
New Delhi, September 11
Prime Minister Narendra Modi on Wednesday emphasised that democracy and technology together can ensure the welfare of humanity and India is moving ahead on this path recognizing its global responsibility in the semiconductor sector. While chairing the meeting with Semiconductor Executives Roundtable at his residence, the Prime Minister said that their ideas will not only shape their business but also India’s future.
Mentioning that the coming time will be technology-driven, the Prime Minister said semiconductor is the basis of the digital age and the day is not far when the semiconductor industry will be the bedrock for even our basic necessities. Prime Minister also talked about the pillars of development which include developing social, digital and physical infrastructure, giving boost to inclusive development, reducing compliance burden and attracting investment in manufacturing and innovations. He underscored that India has the capability to become a trusted partner in a diversified semiconductor supply chain.
Prime Minister elaborated about India’s talent pool and the immense focus of the government on skilling to ensure that trained workforce is available for the industry. He said that India’s focus is to develop products which are globally competitive. He highlighted that India is a great market for investing in hi-tech infrastructure and said the excitement shared by the leaders of the semiconductor sector today will motivate the government to work harder for this sector.
Prime Minister assured the leaders that the Indian government will follow a predictable and stable policy regime. With the focus of make in India and make for the world, the Prime Minister said that the government will continue to support the industry at every step.
