Prime Minister Narendra Modi attended the second day of the fourth edition of SEMICON India 2025 at Yashobhoomi, the India International Convention and Expo Centre, on Wednesday. The event is part of India’s drive to transform itself into a global semiconductor hub.
Opening the summit on Tuesday, PM Modi had described semiconductors as the “digital diamonds” of the modern age, comparing their importance today to oil in the last century. While oil wells dictated the global economy in the 20th century, he noted, the power of the 21st century lies in the tiny microchips that drive technological progress worldwide.
The Prime Minister highlighted the rapid expansion of the global semiconductor industry, which has already touched $600 billion and is forecast to cross the $1 trillion mark in the coming years. He asserted that with India’s fast-paced growth in this sector, the nation is well-positioned to capture a significant portion of this trillion-dollar market.
Tracing the progress of India’s semiconductor journey, Modi recalled that the Semicon India initiative was launched in 2021. Within two years, the country approved its first semiconductor plant, followed by several more in 2024. This year, five additional projects have been cleared, bringing the total to ten ongoing semiconductor ventures. These projects represent an investment of more than $18 billion, underscoring global confidence in India’s capabilities.
Modi emphasized the need for speed in this sector, pointing out that reducing delays between approvals and production is critical. To support this, the government has introduced the National Single Window System, streamlining approvals from both state and central agencies onto a unified platform. This digital reform has significantly cut down paperwork and improved investor convenience.
He also stressed that India is building semiconductor parks with ready-to-use infrastructure. These sites come equipped with essential facilities such as land, electricity, port and airport links, and access to skilled workers. Combined with government incentives such as Production Linked Incentives (PLI) and Design Linked Grants, India is now offering a complete ecosystem for semiconductor growth.
With these measures, PM Modi declared that industrial growth in this sector is not just possible but inevitable. The momentum, he said, proves the world’s trust in India as a rising leader in the global semiconductor revolution.
