India Launches Major Semiconductor Initiative at SEMICON India 2024

Prime Minister Modi announces significant investments and incentives to make India a global semiconductor hub.

Prime Minister Narendra Modi unveiled a $1.5 lakh crore investment in semiconductor manufacturing at SEMICON India 2024.
India aims to expand its electronics market to $500 billion by 2030, up from the current $150 billion.
A new incentives package, Semicon 2.0, will be introduced within the next three to four months to boost local sourcing and manufacturing.
India is preparing a semiconductor workforce of 85,000 technicians, engineers, and researchers over the next decade.
Strong bilateral partnerships with the US, EU, Japan, and Singapore are expected to enhance India's role in the global semiconductor supply chain.