India has garnered investment proposals exceeding Rs 2.50 lakh crore from global chip makers. The announcement was made by Union Minister of State for Electronics & Technology, Rajeev Chandrasekhar, at the ‘Viksit Bharat Ambassador Meet’ held in Pune.
During the event, Minister Chandrasekhar highlighted India’s rapid emergence as a key player in the semiconductor industry. He emphasized that just a few years ago, India was absent from the global semiconductor ecosystem, but today it stands as a formidable contender in this critical sector.
‘Today, more than Rs 2.50 lakh crore worth of investment proposals have been received by the Government of India from global semiconductor majors. India is fast becoming a semiconductor nation. Just two years ago, it was not even present in the semiconductor ecosystem of the world,’ the minister stated, underscoring the transformative shift in India’s technological landscape.
Minister Chandrasekhar attributed this success to Government’s semiconductor policy, which has garnered significant international attention. He expressed pride in India’s progress, noting that the country has transcended from the ‘Fragile Five’ category to become the world’s fifth-largest economy over the past decade.
‘We have become a beacon of hope and inspiration for countries across the world in terms of our inclusive policies, in terms of how you transform governance and make governments work for people. In the next few years, the Prime Minister has set a target for India to become ‘Viksit Bharat’,’ Minister Chandrasekhar elaborated, highlighting India’s aspirations for further economic growth and development.
Minister Chandrasekhar also shared India’s ambitious vision to become one of the top three economies globally in the coming years, signaling a promising trajectory for the nation’s economic prowess and technological advancement.
India’s stride in the semiconductor sector, coupled with its inclusive policies and transformative governance, continues to draw admiration and investment interest from around the world, propelling the nation towards its goal of becoming a leading global player in the near future.
