Bengaluru, 30.04.2022:

Prime Minister of India Shri Narendra Modi inaugurated SemiconIndia Conference 2022, the global semiconductor conclave designed to bring together key stakeholders to showcase existing capabilities, ideate innovations and discuss global best practices. The flagship conclave with the theme Catalyzing India’s Semiconductor Ecosystem, is being held in Bengaluru from 29th April to 1st May 2022.

Inaugurating the conference, Shri Narendra Modi, Hon’ble Prime Minister of India said, “Semiconductors today are playing a critical role in the world. India is in a unique position to be the influential player in the segment owing to its consumer base and skilled engineering workforce. Our government is cognizant of the potential of the sector, and we are committed towards acceleration and growth of the chip design and manufacturing ecosystem in the country. An ecosystem that is built on the principle of ‘Hi-tech, high quality and high reliability’.

Our digital-first approach can be seen in the way India has adopted digitalization. Today, UPI is the most efficient payment infrastructure. We are using digital technologies to transform lives in all forms of governance from health and welfare to inclusion and empowerment. This conference is a step towards bringing the industry and government closer to ideate, discuss and formulate policies that will enable growth and pave way for India to be at the forefront of next revolution in technology. We commit to providing support in form of ease of business, empowering policies, monetary support in form of PLI and other schemes, and investing in skilling and training youth to provide talent required for the sector in India and globally.

We have earmarked USD 10 billion for India Semiconductor Mission and are creating an environment that encourages growth to create a vibrant semiconductor ecosystem and steer India into the future.”

The conference aligns with the larger national narratives such as Make in India and Atmanirbhar Bharat and is pegged as the launchpad to India Semiconductor Mission (ISM). The brightest minds in the sector have come together to help actualize India’s aspirations of becoming a superpower in the semiconductor sector. The three-day conclave is designed to provide impetus to India’s semiconductor strategy and chart its future course of action and growth milestones.

Speaking on the occasion, Shri Ashwini Vaishnaw, Minister for Electronics & Information Technology, Railways and Communication, said “The biggest asset India has is its talented workforce, that is trusted by the world. Building India as a prominent player in chip design and manufacturing is a marathon, not a sprint. Our vision is supported by careful planning and calibrated efforts of all stakeholders to establish India as a major hub for electronic and semiconductor industry globally. Aside from our favorable policies, we are also working closely with academic and global institutions to design curriculum that will help create 85 thousand trained and production ready workforce for the semiconductor industry. We reiterate our commitment and promise to work closely with the industry in a focused manner for the long-term growth and development of the sector. “

Shri Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, said,” The world has been through one of the worst Black Swan phases in recent times. India has suffered $150b – $200b economic loss due to lockdowns in the pandemic. However, we have emerged stronger despite the economic setbacks. Given our vast country and populace, India has shown great resilience and done exceptionally well with its vaccination program, healthcare and financial support and other welfare schemes for its citizens.

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