[ad_1]
Bengaluru, April 29
Prime Minister Narendra Modi on Friday mentioned India is headed for a sturdy economic system and the nation’s consumption of semi-conductors is predicted to cross USD 110 billion by 2030 and has the world’s quickest rising start-up eco-system.
He mentioned India is about to guide the subsequent know-how revolution and investments are being made in creating capabilities in 5G amongst different issues.
“We are paving the way for India to lead the next technology revolution. We are on our way to connecting six hundred thousand villages with broadband. We are investing in developing capabilities in 5G, Internet of Things and clean energy technologies,” Modi mentioned on the inaugural session of the Semicon India-2022 convention right here.
“India’s own consumption of semi-conductors is expected to cross USD 80 billion by 2026 and USD 110 billion by 2030,” he added.
Speaking concerning the financial well being of the nation, the Prime Minister mentioned India is headed for strong financial progress with the world’s quickest rising startup eco-system the place new unicorns are arising each few weeks.
Modi known as upon the trade to ascertain India as one of many key companions in international semi-conductor provide chains and work on this course primarily based on the precept of hi-tech, prime quality and excessive reliability.
Citing causes for India to turn out to be a horny funding vacation spot for semi-conductor applied sciences, Modi mentioned, “We are building the digital infrastructure to connect over 1.3 billion Indians and the UPI is the world’s most efficient payment infrastructure today.”
[ad_2]