PM Modi inaugurates semiconductor plant in Sanand, boosting India's 'Techade' vision
Prime Minister Narendra Modi inaugurated a semiconductor assembly and test facility of Kaynes Semicon in Sanand, Gujarat, positioning the town as a link between India and Silicon Valley. He declared the current period as the "decade of India" and highlighted the rapid expansion of the country's electronics sector. The PM projected India's semiconductor market to exceed $100 billion by the decade's end and reach ₹9 lakh crore by 2030, up from the current ₹4.5 lakh crore. The Semiconductor Mission, launched in 2021, signifies India's confidence on the global stage. India's participation in the U.S.-led Pax Silica initiative further underscores its role in securing critical technology supply chains.
Key Points
- PM Modi inaugurated Kaynes Semicon's semiconductor assembly and test facility in Sanand, Gujarat, linking it to Silicon Valley.
- India's semiconductor market is projected to exceed $100 billion by the end of the decade and reach ₹9 lakh crore by 2030.
- The Semiconductor Mission, launched in 2021, is a declaration of India's confidence on the global stage.
- India's participation in the Pax Silica initiative aims to enhance resilience in critical technology supply chains.
- The current period is described as India's 'Techade', with Digital India and fintech successes demonstrating public trust in technology.
Exam Facts
- Location of new facility: Sanand, Gujarat.
- Estimated cost of the plant: ₹3,300 crore.
- India's semiconductor market target by 2030: ₹9 lakh crore.
- Semiconductor Mission launch year: 2021.
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