Prime Minister Narendra Modi inaugurated SEMICON India 2026 on Thursday, September 17, emphasizing India’s rapid momentum across the semiconductor, fintech, and logistics sectors. He noted that India achieved 7.8% economic growth in the latest quarter despite volatile global market conditions.
Key Initiatives Detailed at SEMICON India 2026 PM Modi Address
The Prime Minister outlined several major national achievements driving industrial transformation and global economic confidence:
- Economic Strength: Recent sovereign rating upgrades and the New Delhi Declaration consensus reflect strong international confidence in India.
- Logistics Infrastructure: The operationalization of nearly 3,000 km of dedicated freight corridors accelerates goods movement and boosts domestic manufacturing.
- FinTech & AI Growth: Advancements featured at the Global FinTech Fest highlight agentic AI, tokenisation, and inclusive financial access.
Unveiling the Six Pillars of Semicon 2.0
Union Electronics and IT Minister Ashwini Vaishnaw outlined plans for the next phase of the India Semiconductor Mission, dubbed Semicon 2.0. Built on six operational pillars—chip design, equipment and materials, fabs, advanced packaging, R&D, and talent—the updated framework expands support to at least 200 chip-design startups.
The government has already enabled EDA tool access for over 400 universities and trained 70,000 design engineers, laying a strong foundation for domestic intellectual property and commercial fabrication.
Source: Sarkaritel
