A day before SEMICON India 2024, Indian Prime Minister Narendra Modi reaffirmed his commitment to supporting semiconductor development and attracting investments to help build a resilient supply chain.
According to the Press Information Bureau of India, on September 10 at the Semiconductor Executives' Roundtable, Modi emphasized to the participating CEOs the crucial role of technology in shaping both business and India's future, noting that semiconductors are the foundation of the digital age and will soon be essential for basic necessities. He outlined key pillars of development, including enhancing infrastructure, promoting inclusive growth, reducing regulatory burdens, and attracting investments in manufacturing and innovation.
Modi highlighted India's potential to become a reliable partner in the diversified semiconductor supply chain, citing the country's talent pool and government efforts to skill the workforce. He also underscored India's commitment to developing globally competitive products and emphasized the nation's attractiveness for high-tech infrastructure investments.
Assuring industry leaders of a stable policy regime, the Prime Minister reaffirmed the government's support for the semiconductor sector, aligning with the "Make In India" and "Make for the World" initiatives.
Senior executives gathered at the roundtable. Participants included Sanjay Mehrotra, CEO of Micron, Ajit Manocha, CEO of SEMI, and Kurt Sievers, CEO of NXP, who all expressed enthusiasm for India's commitment to semiconductor growth under Prime Minister Modi's leadership.
Other notable attendees included Randhir Thakur, CEO of Tata Electronics, Bob Pragada, CEO of Jacobs, Hidetoshi Shibata, CEO of Renesas, and Luc Van Den Hove, CEO of IMEC. They highlighted the unprecedented collaboration between the industry and the Indian government, with many commending the country's vision of becoming a semiconductor manufacturing and innovation hub.
Russell C. Ellwanger, CEO of Tower, Anirudh Devgan, CEO of Cadence, Sassine Ghazi, President & CEO of Synopsys, and Prof. Arogyaswami Paulraj of Stanford University also contributed insights on the future of the industry in India. Vellayan Subbiah, Chairman of CG Power, and Prof. Pradeep Khosla, Chancellor of the University of California, San Diego, underscored India's potential to lead in semiconductor development, hailing the government's proactive policies and the significant progress made in recent years.
