India Aims for $500 Billion Electronics Sector, Says Modi

At the 'Semicon India' event, Prime Minister Narendra Modi highlighted India's ambition to elevate its electronics sector to $500 billion by the end of the decade, emphasizing it as the "right time" to invest in the country. Currently valued at over $150 billion, the sector aims to create around 6 million jobs. Modi underscored India's significant role in global semiconductor design and outlined efforts to develop a robust ecosystem for domestic chip manufacturing. He announced a target workforce of 85,000 in the semiconductor domain and substantial investments to enhance supply chain resilience.