Page 58 - Banking Finance November 2025

FEATURES

World trusts India with semiconductor

future

P rime Minister Narendra Modi pitched India as one move rapidly towards making India the third-largest
economy."
of the most promising destinations for
semiconductor manufacturing, saying "the world
trusts India, the world believes in India, and the world is He said as the semiconductor industry witnesses rapid growth
across the world and moves on to emerge as a trillion-dollar
ready to build semiconductor future with India".
business, India will have a significant share in that. "There is
Addressing the inaugural session of Semicon India a saying in the world of semiconductors, oil was black gold,
conference, PM said from being a back-end support but chips are digital diamonds... But power of the 21st
destination in the high-tech industry, India is fast emerging century has been confined to a tiny chip. These chips may be
as a key player on the back of investments of around Rs 1.5 small, but they have the power to give a big boost to the
lakh crore, as global and local companies build and expand world's progress... And I believe, with the speed at which
operations across the value chain. India is progressing in the semiconductor sector, India is going
"Our journey began late but nothing can stop us now... India to have a significant share in this one trillion market."
is now moving from backend to becoming a full-stack Modi said India is also in the process of working out fresh
semiconductor nation. The day is not far when India's reforms, while making it easier for the companies to invest
smallest chip will drive the world's biggest change... The day in the semiconductor business. "In the coming times, we are
is not far when the whole world will say - Designed in India, going to start a new phase of next-generation reforms. We
Made in India, Trusted by the World." are also working on the next phase of the India

Without mentioning US tariffs or Trump's "dead economy" Semiconductor Mission."
jibe, Modi said the Indian economy has been growing at a He also said govt wants to provide regulatory ease to
rapid pace, despite challenges arising out of "economic companies as they expand. "You know, speed matters in
selfishness". "Once again India has performed better than semiconductors. The lesser the time from file to factory, the
every hope, every expectation, every assessment. lesser the paperwork, the sooner the wafer work can start.
On one hand, when there are concerns in economies across Our govt is working with this same approach... This has freed
the world and there are challenges arising out of economic our investors from a lot of paperwork. Today, semiconductor
selfishness, in that environment India has achieved a growth parks are being built across the country on a plug and play
of 7.8%... This is the direction of growth, which is sure to infrastructure model. " (Source: Times of India)

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