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PM Modi woos CEOs with semiconductor pitch

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PM Modi on Tuesday assured predictable and stable policies to support India's ambition to make semiconductors to meet the country's and global requirements.

During an interaction with executives ahead of Semicon India , Modi sought to position India as "a trusted partner in a diversified semiconductor supply chain" at a time when countries ranging from China to the US are dishing out incentives to attract investment in the chip business.

During the meeting, the PM pitched India as "a great market for investing in hi-tech infrastructure" and emphasised that govt had eased rules and improved infrastructure . The official statement said the CEOs told Modi that the centre of gravity of the semiconductor industry is starting to shift towards India.
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