22.8 C
New York
Wednesday, June 19, 2024
HomeBusinessIndia makes big gains in semiconductor sector: Minister

India makes big gains in semiconductor sector: Minister


Related stories

India-made TB diagnostics tech wins acclaim at World Health Assembly

Developed by Goa-based Molbio, a point-of-care molecular diagnostics company,...

GitHub teams with Infosys to launch centre of excellence in Bengaluru

GitHub, the Microsoft-owned developer platform, has partnered with Infosys...

Musk used illegal drugs, made female staff ‘uncomfortable’: WSJ report

Concerns about Elon Musk's alleged use of illegal drugs...

Pritika Mehta outlines AI-driven future for Indian entrepreneurs

Pritika Mehta, an Indian-American entrepreneur and AI expert, stands...

Indian-origin CEO of Australian renewable energy firm plans manufacturing shift to India

A Brisbane based renewable energy technology company ZekiTek whose...

INDIA has made significant strides in the semiconductor sector in the last two years during which the government received investment proposals of Rs 2.5 trillion (£24 billion) from global chip makers, minister Rajeev Chandrasekhar has said.

In the last 10 years, India has moved out of the league of ‘Fragile Five’ and become the world’s fifth largest economy, he added.

Speaking at the ‘Viksit Bharat Ambassador Meet’ organised in Pune on Wednesday (28), Chandrasekhar said India has become a source of inspiration for countries across the world in terms of its inclusive policies.

“We have become a beacon of hope and inspiration for countries across the world in terms of our inclusive policies, in terms of how you transform governance and make governments work for people. In the next few years, the prime minister has set a target for India to become ‘Viksit Bharat’,” he said.

Talking to reporters on the sidelines of the event, Chandrasekhar said that in 2022, prime minister Narendra Modi announced a semiconductor policy and it instantly attracted global attention.

- Advertisement -

“Today, investment proposals of more than £24bn have been received by the government from global semiconductor majors. India is fast becoming a semiconductor nation. Just two years ago, it was not even present in the semiconductor ecosystem of the world,” the minister stated.



- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories