Prime Minister Narendra Modi held a high-profile meeting with several of the world's most influential technology chief executives, positioning India as an attractive hub for semiconductor design and fabrication and calling for stronger cooperation between government and industry.
During the discussion, the Prime Minister stressed that close collaboration between the public sector and the global technology industry is essential for shaping India's long-term technology trajectory. He encouraged participating CEOs to scale up investments, establish research and development centres, and partner with Indian institutions to build a self-reliant semiconductor ecosystem.
The meeting comes at a time when India is aggressively pursuing its semiconductor mission, aiming to reduce dependence on foreign chip supply chains and position itself as a key manufacturing base in the global technology landscape. The government has rolled out incentive schemes, including production-linked incentives and land subsidies, to attract global players looking to diversify beyond traditional manufacturing bases in East Asia.
Industry leaders at the meeting were expected to discuss opportunities for setting up fabs, packaging and testing facilities, and advanced design centres across the country. Several participants have already announced multi-billion-dollar projects in India, reflecting growing confidence in the policy environment and the availability of a large, skilled engineering workforce.
Analysts note that India's entry into global semiconductor supply chains could have cascading benefits, from creating high-skilled employment to strengthening the domestic electronics manufacturing sector. However, experts also caution that establishing competitive chip fabrication requires sustained investment, regulatory consistency, and deep partnerships with global technology leaders.
The Prime Minister's appeal underscores the government's intent to make India a central node in the next phase of global technology manufacturing, moving the country beyond software services and into hardware innovation.
