New Delhi: Prime Minister Narendra Modi on Wednesday said that India’s strides in the world of semiconductors continue after the Union Cabinet approved a Rs 3,706 crore semiconductor plant in Uttar Pradesh.
In a post on X, the prime minister said, “India’s strides in the world of semiconductors continue! Today’s Cabinet decision regarding the establishment of a semiconductor unit in Uttar Pradesh will boost growth and innovation. It will create innumerable opportunities for the youth as well.”
The plant will be built at Jewar in Gautam Buddha Nagar district by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles.
Acknowledging the critical role of electronic chips in the tech landscape of the 21st century, Modi said that “Made in India” and “Designed in India” chips will play a major role in taking India towards self-reliance and modernisation.
“In the 60s, India had dreamed of semiconductor manufacturing and thought in this direction. But the governments then could not take advantage of the opportunities that were before us. The biggest reason for this was a lack of will, a lack of effort to convert thoughts into action, and a lack of taking bold decisions for the country. Due to this, for many years, India’s dream of making semiconductors remained a dream,” he added.
The developments are in line with the government’s recent push to make the country a hub for manufacturing and assembling semiconductors, a key ingredient in a wide swathe of technology sectors, but one whose supply was disrupted first by the pandemic and then geopolitical tensions between the US and China.
