Semicon India 2026: Second phase of semiconductor mission started with $13.5 billion
Commercial production begins in Mohali and Surat
New Delhi . On the occasion of Vishwakarma Jayanti, Prime Minister Narendra Modi, while inaugurating the fifth edition of 'Semicon India 2026', said that India will now move beyond chip designing and testing. commercial production Has entered the era of. He announced that commercial production has started in two new plants established in Mohali and Surat, due to which chips made in India are now reaching customers globally. The Prime Minister said that the modern technology of the 21st century and India's age-old manufacturing tradition are together proving the resolve of a developed India. Despite uncertainty in the global economy, India has achieved a growth rate of 7.8 percent and international rating agencies have improved the country's sovereign rating after 35 years.
Semiconductor Mission-2: New roadmap of $13.5 billion
PM Modi said that after the success of the first phase ($8 billion), the government has started with an outlay of $13.5 billion.Miconductor Mission The second phase of (Semicon India 2026) has been started. Under this policy reform, international companies will now be able to directly partner with Indian startups, domestic design firms and OCI-owned companies. So far, 12 big projects have been approved in the country and a large ecosystem has also been created for investors in the chemical, gas and material sectors.
Skilling of 1 lakh youth, 70 thousand ready
Describing India's huge engineering (Semicon India 2026) talent pool as the country's biggest strength, the Prime Minister said that the government is aiming to train 1 lakh youth for the semiconductor industry. Out of these, training of more than 70 thousand youth has been completed. Referring to the self-designed chips presented by the students on the campus, he appealed to the industry to take the lead in research and development in India.
India a trusted global partner in the AI era
Global demand for chips is growing at a rate of more than 20% due to artificial intelligence. Referring to the technical challenges created by this like heat management, power and data transfer, the PM said that the world today is looking for safe and reliable manufacturing locations. For this, solar energy capacity in the country has been increased from 2 to 160 GW and work is also going on on small modular reactors. Today, when the supply chain is being weaponized globally, India with democratic values is providing a stable and reliable alternative to the world.