PM Modi says India is taking steps to become a preferred destination for the semiconductor industry

Prime Minister Narendra Modi has completed 25 years in public service, a journey defined by the mantra of Jan Seva Se Desh Seva, and a relentless commitment that continues. Guided by this vision for Seva and Sushasan, the Government has been ceaselessly working towards achieving the goal of a Viksit Bharat by 2047. Through inclusive development and social empowerment, this dedication is transforming lives. Today, in our special series, we bring you an instance of how this vision has been translated into action through initiatives like the semiconductor mission.
Semiconductors are the building blocks of modern technology and a foundation of economic power. They power Artificial Intelligence (AI), telecommunications, electric mobility, defence and advanced manufacturing.  In the past two years, the global semiconductor market has grown by more than 20 per cent. 12 semiconductor projects have been approved across six states in the country, with investments commitments of more than one lakh 64 thousand crore rupees. Addressing SEMICON India 2026 in New Delhi, Prime Minister Narendra Modi said that India is taking every step needed to become a preferred destination for the semiconductor industry.
Talking exclusively to Akashvani News, IT Expert Prasoon Sharma said India’s semiconductor journey is no longer a story of aspiration but is becoming a story of execution.
India’s semiconductor journey has evolved from building strategic capabilities to creating a broader domestic ecosystem. These efforts are positioning India to participate across the semiconductor value chain.