India will provide a predictable and stable policy regime: PM Modi to semiconductor executives
Narendra Modi assured the CEOs of semiconductor industry that his government will follow a “predictable and stable” policy regime even as he emphasized that India has the wherewithal to become a reliable partner in the diversified semiconductor supply chain.
Ahead of the Semicon India conclave, the prime minister chaired on Tuesday a Semiconductor Executives Roundtable in which he underlined that democracy and technology together can ensure the wellbeing of humanity. He gave assurances to the CEOs that India will provide a conducive environment for growth in the semiconductor sector.
“The Indian government will follow a predictable and stable policy regime. With the focus of Make In India and Make for the World, the government will continue to support the industry at every step,” Modi said, according to officials.
Prime Minister Modi said the ideas of the innovators in this field have an impact on India’s future and semiconductors will be the basis of the coming Digital Age which will be technology driven. “The day is not far when the semiconductor industry will be the bedrock for even our basic necessities,” he said.
Underlining the pillars of development, the prime minister enlisted developing social, digital and physical infrastructure, giving boost to inclusive development, reducing compliance burden and attracting investment in manufacturing and innovations. He underscored that India has the capability to become a trusted partner in a diversified semiconductor supply chain.
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