New Delhi: Prime Minister Narendra Modi announced on Saturday that by the end of this year, India’s first indigenously manufactured semiconductor chip will be available in the market. Also, he said that the government is extensively focusing on developing a 6G network, which will be Made-in-India.
What did PM Modi say?
PM Modi made the announcement while speaking at The Economic Times World Leaders Forum. PM Modi claimed that decades ago, India had missed the chance to enter semiconductor manufacturing. However, the situation right now has changed, and the country is pushing to manufacture semiconductor chip here.
He said, "We all know that semiconductor manufacturing could have started in India 50-60 years ago, but India missed that too, and the same thing continued for many years to come. Today we have changed this situation. Semiconductor-related factories have started coming up in India." PM Modi added, "By the end of this year, the first Made in India chip will come in the market."
Also, he highlighted India's current efforts in improving telecom technology and India's bid to keep pace with global advancements. He said, “We are working rapidly on Made in India 6G.”
India's EV exports to reach rest of world
PM Modi also said that India will become one of the most important players in the electric vehicle (EV) sector and added that India is gearing up to export EVs to even 100 nations. He said at the Forum, "I want to tell you about another success of India. India is now going to export electric vehicles to 100 countries around the world. A very big program related to this is also being held after 2 days on 26th August."
What did PM Modi say about India's economic growth?
PM Modi hailed the growing economy of India and said, “India, which follows the mantra of Reform, Perform, Transform, is today in a position to take the world out of slow growth rate. We are not the people who sit on the banks of stagnant water and throw pebbles. We are the people who can turn the fast-flowing stream.”
