PM Modi laid the foundation of 3 semiconductor plants worth Rs 1.25 lakh crore, said- 'We are writing history'

PM Modi laid the foundation of 3 semiconductor plants worth Rs 1.25 lakh crore, said- 'We are writing history'

India’s Techade: Chips for Viksit Bharat: Ahead of the Lok Sabha elections, Prime Minister Narendra Modi on Wednesday, March 13, 2024, laid the foundation stone of three semiconductor plants worth about Rs 1.25 lakh crore in India. Let us tell you that these three semiconductor plans had already been announced, but today PM Modi himself started this big project of India.

PM Modi started

While laying the foundation of these three semiconductor plants, PM Modi said that, "The three fab units will help in making India a global hub of semiconductor manufacturing." PM Narendra Modi said during 'India's Teched: Chips for Developed India event' that, "Today is a historic day. Today we are also creating history and taking a big and strong step towards a bright future."

India is set to become a prominent semiconductor manufacturing hub. The three facilities will drive economic growth and foster innovation.

— Narendra Modi (@narendramodi) March 13, 2024

Told the future to the youth

PM Modi also shared the video clip of this program from his official X (old name Twitter) account. While posting this video, PM wrote in the caption, "India is set to become a major center of semiconductor manufacturing. Three new plants will promote economic growth and new innovations. In this program, PM Modi said that, I congratulate all the countrymen for this important beginning and step. Today our friends from Taiwan have also participated in this program virtually. I am also very excited by these efforts of India. More than 60,000 colleges, universities and education institutes of the country are also associated with this amazing effort of ours. This is a record in itself."

The Prime Minister further said that, "I had made a special request to the Ministry that today's program is the dream program of the youth of the country and hence maximum number of youth should be included in this program. Today's event may be the inauguration of semiconductor plants, but if there are any real stakeholders of future India, they are our youth, youth and students. Therefore, I wished that the students of India should definitely witness this historic moment."

Approval was given on 29 February

Let us tell you that on February 29, the Ministry of Electronics and Information Technology (MeitY) of India had given the green signal to three semiconductor plants to be built in India. The ministry had informed that Tata Electronics and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) will jointly set up India's first semiconductor fabrication plant in Dholera, Gujarat."text-align: justify;">Apart from Dholera, the cabinet has also approved Tata Semiconductor Assembly and Test Private Limited for setting up a chip assembly and testing unit in Assam. Apart from this, CG Power and Japan's Renesa will jointly set up a semiconductor plant in Sanand, Gujarat. According to the government, Rs 91,000 crore has been approved for Dholera, Rs 7600 crore for Sanand and Rs 27,000 crore for semiconductor plant in Assam.

Also read:

Government of India gives approval for three semiconductor plants, Rs 91,000 crore will be spent in the first plant.

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