[ad_1]
NEW DELHI: “India fulfils its commitment, India delivers democracy, democracy delivers,” PM Modi said Wednesday while laying the foundation stone of three semiconductor plants worth Rs 1.25 crore and asserted that chip manufacturing will take the country towards self-reliance and modernity and help it emerge as a global power in the sector.
The remark, coupled with Modi’s assertion that emergence of the semiconductor industry will be a force for good of the entire globe, came amid a determined effort by democracies crucial for the industry — US, Germany, Taiwan, South Korea and Netherlands — to cut off technological assistance to China to push back against its expansionism.
The PM said only a handful of nations in the world are manufacturing semiconductors and emphasised the need for a reliable supply chain after the disruptions caused by the coronavirus pandemic. He said India is keen to play a crucial role in this and highlighted the country’s tech space, nuclear and digital power.“The day is not far when India will become a global power in the manufacture of products for the semiconductor sector” he said.
The three units will be located at Dholera and Sanand in Gujarat and Morigaon in Assam and come at a time when chip shortage across the world had impacted production of electronic items and even cars. “Today’s projects will play a key role in making India a semiconductor hub,” Modi said while noting the virtual presence of semiconductor industry players from Taiwan.
Global companies are strategising on creating alternative supply chains after Covid-19 and given the growing tensions between Taiwan and China. They are also looking at countries to locate chip-manufacturing units. Malaysia has emerged as a hot destination.
Modi emphasised that the ambition of India taking the leap could be realised because Indians accounted for many minds behind the design of smart chips. He added that India’s much-delayed foray — it was conceived in the 1960s but, according to him, preceding govts did not consider it necessary to pursue — will help the country complete the tech chain.
The PM said that after missing out on the first three industrial revolutions due to various reasons, India now is moving with an intention to lead Industry 4.0. Stressing the need to utilise every second, Modi said the event was an example of the speed with which govt is working.
He said that semiconductor research will benefit youth the most. “Semiconductor is not just an industry but it opens a door filled with boundless potential,” Modi added.
The semiconductor fabrication facility at Dholera Special Investment Region will be set up by Tata Electronics Private Limited with a total investment of over Rs 91,000 crore, and this would be India’s first commercial semiconductor fab.
The outsourced semiconductor assembly and test facility in Morigaon, Assam, will also be set up TEPL for semiconductor assembly, testing, marking and packaging, with an investment of about Rs 27,000 crore. The OSAT facility in Sanand will be set up by CG Power and Industrial Solutions Limited with an investment of about Rs 7,500 crore.
The remark, coupled with Modi’s assertion that emergence of the semiconductor industry will be a force for good of the entire globe, came amid a determined effort by democracies crucial for the industry — US, Germany, Taiwan, South Korea and Netherlands — to cut off technological assistance to China to push back against its expansionism.
The PM said only a handful of nations in the world are manufacturing semiconductors and emphasised the need for a reliable supply chain after the disruptions caused by the coronavirus pandemic. He said India is keen to play a crucial role in this and highlighted the country’s tech space, nuclear and digital power.“The day is not far when India will become a global power in the manufacture of products for the semiconductor sector” he said.
The three units will be located at Dholera and Sanand in Gujarat and Morigaon in Assam and come at a time when chip shortage across the world had impacted production of electronic items and even cars. “Today’s projects will play a key role in making India a semiconductor hub,” Modi said while noting the virtual presence of semiconductor industry players from Taiwan.
Global companies are strategising on creating alternative supply chains after Covid-19 and given the growing tensions between Taiwan and China. They are also looking at countries to locate chip-manufacturing units. Malaysia has emerged as a hot destination.
Modi emphasised that the ambition of India taking the leap could be realised because Indians accounted for many minds behind the design of smart chips. He added that India’s much-delayed foray — it was conceived in the 1960s but, according to him, preceding govts did not consider it necessary to pursue — will help the country complete the tech chain.
The PM said that after missing out on the first three industrial revolutions due to various reasons, India now is moving with an intention to lead Industry 4.0. Stressing the need to utilise every second, Modi said the event was an example of the speed with which govt is working.
He said that semiconductor research will benefit youth the most. “Semiconductor is not just an industry but it opens a door filled with boundless potential,” Modi added.
The semiconductor fabrication facility at Dholera Special Investment Region will be set up by Tata Electronics Private Limited with a total investment of over Rs 91,000 crore, and this would be India’s first commercial semiconductor fab.
The outsourced semiconductor assembly and test facility in Morigaon, Assam, will also be set up TEPL for semiconductor assembly, testing, marking and packaging, with an investment of about Rs 27,000 crore. The OSAT facility in Sanand will be set up by CG Power and Industrial Solutions Limited with an investment of about Rs 7,500 crore.
[ad_2]
Source link
