India’s semiconductor mission is about becoming a trusted global manufacturer: EAM Jaishankar

Addressing the second day of the ongoing SemiconIndia event, India's Minister of External Affairs, S Jaishankar, shed light on the nation's strategic vision and ongoing efforts to secure a pivotal role in critical and emerging technology. Emphasising India's ambitious goals, the minister underscored the country's determination to become the world's third-largest economy and enhance the quality and quantity of its exports.

Acknowledging the key role played by the semiconductor industry in driving innovation and powering various technological advancements, EAM Jaishankar highlighted India's intensified focus on this critical sector. He said that the country's aim is not solely confined to meeting domestic requirements but to establish itself as a trusted and influential semiconductor manufacturer for the global market.

Jaishankar also unveiled some promising developments that have bolstered India's standing in the semiconductor space. Several renowned multinational companies, including Micron, Lam Research, and Applied Materials, have recently announced substantial investments in India. These investments are expected to fortify India's semiconductor manufacturing capabilities and foster the growth of the semiconductor ecosystem within the country.