India strengthening its role as reliable semiconductor supplier in global market: PM Modi

Sanand (Gujarat): Prime Minister Narendra Modi inaugurated Kaynes Semicon's outsourced semiconductor assembly and test facility at Sanand on Tuesday and said India is strengthening its role as a reliable semiconductor supplier in the global market.

He said the inauguration of the facility strengthens India’s push towards self-reliance, which marks a landmark step in building a robust semiconductor ecosystem.

Modi said India's decision to join the Pax Silica initiative aims to strengthen the supply of critical minerals.

Calling the development a moment of pride as an Indian company has joined the global semiconductor supply chain, Modi said this is not just the time of economic competition but a time to shape the future tech landscape.

"With the commencement of production in this project, India is further strengthening its role as a reliable semiconductor supplier in the global market. In a sense, a new bridge has emerged today between Sanand and Silicon Valley; the plant in Sanand is now supplying Intelligent Power Modules to a company based in California," the prime minister added.

Modi said India launched the Semiconductor Mission in 2021, which is not just an industrial policy but a declaration of India's confidence.

"India launched Semiconductor Mission 2 in the last budget to make the country self-reliant in every sector of production", he added.