India can be trusted partner in semicon supply chain: PM Modi

Prime Minister Narendra Modi has said India can become a trusted partner in a diversified semiconductor supply chain. During a roundtable with executives of semiconductor industry at his residence on Tuesday, PM Modi said India’s focus is to develop globally competitive products.

During the interaction, PM Modi told the executives that their ideas will not only shape their business but also India’s future. He also assured the industry about the country's policy consistency in the sector.

Prime Minister talked about India’s talent pool and the immense focus of the government on skilling to ensure that trained workforce is available for the industry, said a release from the government.

"India’s focus is to develop products which are globally competitive. India is a great market for investing in hi-tech infrastructure," Modi told the executives, adding that the excitement shared by the leaders of the semiconductor sector today will motivate the government to work harder for this sector.

Prime Minister assured the leaders that the Indian government will follow a predictable and stable policy regime, the release said.  With the focus of Make In India and Make for the World, Prime Minister said the government will  continue to support the industry at every step.

The meeting was attended by CEOs, Heads and representatives of various organisations including SEMI, Micron, NXP, PSMC, IMEC, Renesas, TEPL, Tokyo Electron Ltd, Tower, Synopsys, Cadence, Rapidus, Jacobs, JSR, Infineon, Advantest, Teradyne, Applied Materials, Lam Research, Merck, CG Power and Kaynes Technology. Also present in the meeting were Professors from Stanford University, University of California San Diego and IIT Bhubaneswar.