India to launch first homegrown semiconductor chips by year-end
India is set to launch its first made-in-India semiconductor chips by the end of this year, according to Prime Minister Narendra Modi, marking a significant milestone in the nation’s technological journey. He highlighted that six semiconductor units are already operational, and four additional units have received approval, with a total investment commitment of around Rs 1.6 lakh crore for ten chip plants across various states. This push comes after decades of stagnation in semiconductor development, with Modi underscoring the government’s mission mode to reverse past failures and establish India as a key player in the global semiconductor landscape. The Prime Minister envisions India not only as a consumer but as a creator and exporter of technology, which aligns with the country’s broader goals of self-reliance and leadership in cutting-edge sectors. Additionally, Modi’s speech reaffirmed a commitment to clean energy and job creation, promising a youth employment scheme worth 1 trillion while also hinting at significant reforms in the Goods and Services Tax (GST) system. Overall, these developments signify India’s ambitious trajectory toward becoming a global technology powerhouse and reducing dependency on imports for critical components, reinforcing its strategic and economic autonomy in the evolving digital age.
