September 2, 2025
PM Modi said that the world now looks to India as a trusted collaborator in building the semiconductor industry's future
Highlighting India's economic strength, he pointed to the robust 7.8% GDP growth in the April–June quarter, which outstripped all expectations
The event also highlighted international partnership opportunities, especially with Japan, following Modi’s visit to a Japanese semiconductor plant
India's semiconductor market, valued at approximately $38 billion in 2023 and $45–50 billion in 2024–25
Prime Minister Narendra Modi inaugurated Semicon India 2025, underscoring India’s resolve to achieve semiconductor self-reliance and emerge as a global leader in the sector. He stressed that the world now looks to India with confidence to shape the future of semiconductors, while outlining a vision for a holistic ecosystem that goes far beyond manufacturing alone.
PM Modi said that the world now looks to India as a trusted collaborator in building the semiconductor industry’s future, suggesting that even the smallest domestically produced chip could spark monumental global transformation.
PM Modi drew a powerful analogy, noting that while oil was the driving force of the 20th century, in the 21st century, it’s the compact semiconductor chip—what he referred to as the “digital diamond”—that holds real power and promises to accelerate progress across sectors.
Highlighting India’s economic strength, he pointed to the robust 7.8% GDP growth in the April–June quarter, which outstripped all expectations. All sectors, from agriculture and manufacturing to services and construction, performed exceptionally well.
The event also highlighted international partnership opportunities, especially with Japan, following Modi’s visit to a Japanese semiconductor plant. The focus remains on building a resilient, end-to-end semiconductor ecosystem, from design to manufacturing, anchored in India’s ambition for technological self-reliance.
According to industry projections, India’s semiconductor market, valued at approximately $38 billion in 2023 and $45–50 billion in 2024–25, is projected to more than double, reaching $100-110 billion by 2030.
Source: Economic Times