On Saturday, August 23, Prime Minister Narendra Modi said that semiconductor factories appear in India and the country will see their first domestic market by the end of 2025.
Modi noted that India could initiate semiconductor production 50-60 years ago, but for decades missed the opportunity. He said that the government has now changed this situation, with new factories set up and the production of chips, which meant a step towards technological self -confidence.
“We are working quickly in India 6G. We all know that semiconductor production could start in India 50-60 years ago, but India was missing and the same continued for many years. Today we changed this situation. PM Modi said at the World Leaders Economic Times.
The Prime Minister also emphasized the goal of India to export electric vehicles to more than 100 countries.
Modi said, “India that follows the reform mantra performs, transforms, is now in a position to get rid of slow growth. We are not people sitting on the banks of stagnant water and throw pebbles.
Modi emphasized the pressure on the reform of the government and stated that after 60 years a new income tax law was introduced and written in a simple language in favor of an ordinary person.
PM said that despite many disturbances created by the opposition during the monsoon meeting, the government deals with full commitment reforms.
During the PM Modi speech, he noted that India would soon become the third largest economy in the world.
He said India is the fastest growing main economy in the world.
“We will soon become the third largest economy in the world. Experts say that India’s contribution to the growth of the world will be around 20%. The reason for this growth, this resistance we see in the Indian economy, is macroeconomic stability that has come to see we got to get to the fact that we got to. They got that it is because it is that it is that we are in the fact that we will be in the fact that it is that we will be so that we will be a big punishment.
“Transport and port related laws have also changed. These laws have also been introduced from the British era. The reforms that have now been carried out will support the development in the blue economy of India. Similarly, the sports sector sector is also carried out with a new national sports policy,” he added.
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