Prime Minister Narendra Modi on Wednesday participated in the second day of the fourth edition of SEMICON India 2025, held at Yashobhoomi, the India International Convention and Expo Centre. The day before, during the event's inauguration, PM Modi had stated that the world is confident in India and is prepared to partner with the country to build the future of the semiconductor industry.
During his address, the Prime Minister drew a parallel between past and present global drivers of economy, noting, "Oil was black gold, but chips are digital diamonds." He explained that while oil dominated the previous century, with the global economy fluctuating based on petroleum production, the power of the 21st century is now concentrated in the semiconductor chip. Despite their small size, he stressed that these chips have the potential to significantly accelerate global progress.
PM Modi highlighted the rapid growth of the global semiconductor market, which has already reached a value of $600 billion and is projected to exceed $1 trillion in the coming years. He expressed strong confidence that India, given its rapid advancements in the sector, will secure a substantial share of this growing market.
Recalling the timeline of India's semiconductor initiatives, the Prime Minister noted that the Semicon India programme was launched in 2021. This was followed by the approval of India's first semiconductor plant in 2023, with several more plants receiving approval in 2024.
In 2025, an additional five projects were sanctioned. He stated that ten semiconductor projects are now underway, representing a total investment of over $18 billion (more than ₹1.5 lakh crore). PM Modi emphasised that this significant investment is a testament to the increasing global trust in India's capabilities.
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The Prime Minister stressed the importance of speed in the semiconductor sector, emphasising, "The shorter the time from file to factory and the lesser the paperwork, the sooner wafer work can begin." He assured that his government is operating with this very philosophy. As part of this effort, a National Single Window System has been implemented, centralising all necessary approvals from both the central and state governments onto one platform, thereby reducing paperwork for investors.
Additionally, PM Modi mentioned that semiconductor parks are being developed across the country using a "plug-and-play" infrastructure model. These parks are designed to provide essential facilities like land, power supply, and connectivity to ports and airports, as well as access to a skilled workforce.
He concluded by saying that when such infrastructure is combined with government incentives, like PLI incentives and Design Linked Grants, industrial growth is inevitable, which is why investment continues to flow into India.
Also Read: Semicon India 2025: Modi hails India’s fab power driving change
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