Semicon 2024: PM’s Key Announcements

PM Modi highlights India's ambition to become a global semiconductor hub, fostering innovation and economic growth.

Skilled Workforce Initiative

India plans to train 85,000 skilled professionals, including technicians and engineers, to meet semiconductor industry needs.

Rs 1 Trillion Research Fund

The government introduces a Rs 1 trillion research fund to boost semiconductor research and innovation in India.

Financial Support for Manufacturing

50% financial support is offered for setting up semiconductor manufacturing plants, attracting Rs 1.5 trillion investments.

Focus on Critical Minerals

India launches the Critical Mineral Mission to secure resources for semiconductor production, ensuring a steady supply.

Vision for $500B Electronics Sector

India targets $500 billion in electronics growth by 2030, with plans to boost jobs and local semiconductor manufacturing.