India’s Prime Minister Narendra Modi said Friday that he aims to make India a key player in the global semiconductor supply chain, with the country’s consumption of semiconductors estimated to exceed $110 billion by 2030.
Modi urged industry leaders and investors to “seize the opportunity,” saying that semiconductors play a critical role in the formation of “a new world order.”
“India has the appetite for tech and risk-taking. We have put the odds in your favor as far as possible through a supportive policy environment,” he said at India’s first semiconductor conference in the southern city of Bengaluru.
Modi outlined six reasons why India is an attractive investment destination for semiconductor technology, one of which is the country’s development of digital infrastructure that connects over 1.3 billion users.
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