While inaugurating a three-day Semicon India Conference-2022 in Bengaluru on April 29, Prime Minister Narendra Modi India said India is headed for a robust economy and the country's consumption of semiconductors is expected to cross $110 billion by 2030 and has the world's fastest growing start-up ecosystem.
He also stated six reasons why semiconductor investments should consider India.
The conference was intended to serve as a launchpad for India to become a worldwide semiconductor hub. PM Modi said semiconductors are playing a critical role in more ways that one can imagine. “Collective aims to establish India as a key partner in global semiconductor supply chains,” he said.
Here is the full text of his speech: