India To Become Next Chip Manufacturing Hub: Ashwini Vaishnaw

Ashwini Vaishnaw said the growth of the semiconductor industry in India will further boost PM Modi's vision.

Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country.

Minister Viashnaw referred to a recent roundtable in New York between Prime Minister Narendra Modi and top tech CEOs and said that in the discussion three top executives had said they had not seen this kind of enthusiasm for any country in the last 35 to 40 years.

The Central government has cleared five semiconductor manufacturing proposals, with a total combined investment nearing Rs 1.52 lakh crore.