Union IT and Electronics Minister Ashwini Vaishnaw on Thursday said that the first 'Made in India' semiconductor chip of 28-90 nm will be rolled out this year.
At the CII Business Summit, Ashwini Vaishnaw said, "There are many people who criticised us for vying semiconductor manufacturing. We targetted a particular segment, which has 60 percent of market volume, using a targetted approach."
"Today we have six units under construction. First made in India chip of 28-90 nm will roll out this year. We started manufacturing in 2022," he added.
Also Read: CII Annual Business Summit 2025 Live
While speaking at the summit, Vaishnaw said, "A lot of big economists want us to focus on services. Manufacturing and services are both equally important for next level growth. We should increase our work, wherever we get opportunity. We should have our own IP, product, design and standards."
Ashwini Vaishnaw praises AIPraising Artificial Intelligence (AI) at the , Ashwini Vaishnaw said that "we have experienced a big change happening due to AI and it is here for good".
He added, "What internet did for the world, similar phenomenon would be brought forth from AI. We should be prepared for that change regardless of industry and sector. AI will bring in humongous change in our society and industry."
"We need to have AI models that are trained on Indian culture, nuances, languages, social norms. One of the first such models is being developed by Sarvam," the Union minister said.
While talking about the achievements and growth of the Indian Railways, Ashwini Vaishnaw said, "We have achieved a major milestone as we have become the second largest cargo carrying railway in the world. 1612 million tonnes of cargo carried, overtaking US and Russia."
"Our passenger carrying capacity has also increased substantially, we have reached a level where dreams are being fulfilled and goals are being achieved. We are going in a steady direction in railways, more industries must join," Vaishnaw added.
The Railway Minister said at the annual summit, "Our experiment of bringing startups into railway sector was very successful. We are now bringing a new policy where we can test a new innovative idea and then scale it up based on the results of the test."
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