“PM Modi : Start-ups and MSMEs Drive India’s Semiconductor Future”

Prime Minister Narendra Modi, in his recent address, emphasized the transformative role of start-ups, MSMEs, and young innovators in building India’s semiconductor ecosystem. Highlighting the immense potential of the nation’s youth, he said that India contributes nearly 20% of the global semiconductor design talent, making it a vital hub for the industry’s future. According to the Prime Minister, the country’s young talent pool acts as the “largest human capital factory” for the semiconductor sector worldwide.

Encouraging young entrepreneurs to step forward, Modi assured them of the government’s unwavering support. He highlighted key initiatives such as the Design Linked Incentive (DLI) Scheme and the Chip to Start-up Programme, specifically designed to encourage innovation and entrepreneurship in this field. He further announced that the DLI Scheme will soon be given a new form, aimed at fostering the creation of Indian-owned intellectual property (IP) in semiconductor design and technology. In addition, innovators will benefit from the recently launched National Research Fund, which will provide critical resources to boost research and development.

The Prime Minister also underlined the active participation of state governments in this growth journey. Many states, he noted, have introduced special policies and are strengthening infrastructure to attract investments in the semiconductor sector. He called on all states to engage in healthy competition, encouraging them to expand the scope of investment and develop localized ecosystems that contribute to India’s overall progress in the industry.

Modi stressed that the collaboration of the central government, state governments, start-ups, and industry leaders will be crucial in building a robust and globally competitive semiconductor ecosystem in India. With the growing global demand for chips, India has a unique opportunity to position itself as a manufacturing and innovation hub.

The Prime Minister’s vision reflects a strategic push to reduce dependency on imports and create self-reliance in critical technologies. By combining policy support, financial incentives, and the unmatched potential of its youth, India is poised to script a new chapter in the global semiconductor landscape.

As Modi concluded, he expressed confidence that with innovation-driven start-ups, strong state-level policies, and national-level support, India can emerge as a global leader in semiconductor design, manufacturing, and research, thereby fueling the nation’s technological and economic growth.