Narendra Modi inaugurated the ‘Semicon India - 2025’, aimed at catalysing India’s Semiconductor ecosystem, at Yashobhoomi in New Delhi today. Addressing the gathering, the Prime Minister acknowledged the presence of semiconductor industry CEOs and their associates from India and abroad. He welcomed distinguished guests from various countries, entrepreneurs associated with start-ups, and young students who had come from different states across the nation.
Shri Modi stated that he returned last night from his visit to Japan and China, and today he is present among the audience in Yashobhoomi, a hall filled with aspirations and confidence. Mentioning his passion for technology has always been natural and well-known, the Prime Minister said that during his recent visit to Japan, he had the opportunity to visit the Tokyo Electron factory along with Japanese Prime Minister H.E. Mr. Shigeru Ishiba. He mentioned that the CEO of that company is present among the audience today. The Prime Minister emphasized that his inclination towards technology repeatedly brings him among such gatherings. He expressed that being present among the audience today brings him great joy.
Noting the presence of semiconductor sector experts from across the globe, with representation from over 40 to 50 countries, Shri Modi emphasized that India’s innovation and youth power are also visibly present at the event. He stated that this unique combination sends a clear message, “The World trusts India, the World believes in India and the World is ready to build the Semiconductor Future with India”. The Prime Minister welcomed all distinguished guests attending Semicon India and affirmed that they are important partners in India’s journey towards a developed and self-reliant nation.
Pointing to the GDP figures for the first quarter of this year that were released recently, the Prime Minister said, “Once again, India has outperformed every expectation, every estimate, and every forecast”. He noted that while economies around the world are facing concerns and challenges driven by economic self-interest, India has achieved a growth rate of 7.8 percent. Shri Modi emphasized that this growth is visible across all sectors—manufacturing, services, agriculture, and construction—with enthusiasm evident everywhere. He remarked that India’s rapid growth is infusing new energy across industries and among every citizen. He affirmed that this trajectory of growth is propelling India swiftly towards becoming the third largest economy in the world.
Remarking that in the world of semiconductors, it is often said, ‘Oil was black gold, but chips are digital diamonds’, the Prime Minister stated that oil shaped the previous century, and the fate of the world was determined by oil wells. The global economy fluctuated based on how much petroleum was extracted from these wells. However, he emphasized that the power of the 21st century is now concentrated in the small chip. Though tiny in size, these chips possess the potential to accelerate global progress significantly. Shri Modi highlighted that the global semiconductor market has already reached $600 billion, and in the coming years, it is expected to surpass $1 trillion. He expressed confidence that, given the pace at which India is advancing in the semiconductor sector, India will hold a significant share in this $1 trillion market.
Stating that he wished to highlight the speed at which India is progressing, Shri Modi recalled that in 2021, the Semicon India programme was launched. He added that by 2023, India’s first semiconductor plant had been approved, in 2024, several more plants received approval and in 2025, five additional projects were cleared. He further stated that in total, ten semiconductor projects are now underway, involving an investment of over eighteen billion dollars —more than ₹1.5 lakh crore. The Prime Minister emphasized that this reflects the growing global trust in India.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
