Union Minister of State for Commerce and Industry Jitin Prasada, on Wednesday, attributed Prime Minister Narendra Modi for hosting the three-day 'Semicon India 2024' at Greater Noida. He said India will become the world's third largest economy very soon with its semiconductor technology.
It was due to the resolute and visionary leadership of Prime Minister Modi that national and international CEOs and cyber experts in semiconductors have come to India. It is a big moment for India that these champions of the industry are visiting the country," the Union Minister told IANS.
This, he said, is the key through which India will emerge as the third largest economy of the world.
"Under the leadership of PM Modi, India is marching ahead. Today's programme was also a huge success," the Minister added, after the Prime Minister inaugurated the three-day Semicon India 2024 on Wednesday.
Addressing the gathering, PM Modi said, the time could not be better than this to be in India when it comes to semiconductor manufacturing, as the country provides an integrated ecosystem for the global players, along with ease of doing business and large talent pool.
Addressing a packed house with key stakeholders from the industry in attendance, PM Modi said: "Chips are never down in India" and "You can bet on our growth story."
"Come, invest and create value and we will provide an integrated ecosystem for your growth. India has 20 per cent of the global talent in semiconductor design which is consistently growing. We are building an 85,000-strong semiconductor workforce with technicians, R&D experts and designers," the Prime Minister said.
On Tuesday, top CEOs of semiconductor companies hailed PM Modi's leadership, saying he has inspired not just India but the entire world.
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