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| PM Modi pitches India to chip makers, talks of supply chain resilience | | | Agencies
GREATER NOIDA (UP), Sept 11: Prime Minister Narendra Modi on Wednesday said resilience of supply chains is critical for the economy as he made a pitch to boost investments in domestic manufacturing of semiconductors - the foundation of everything from smartphones to EV and AI. Speaking at the SEMICON 2024 conference on the outskirts of the national capital, the Prime Minister said the Covid pandemic showed the importance of the supply chain and underscored the need to act to ward off any disruption. "Whether it was Covid or war, there hasn't been a single industry to remain unaffected by supply chain disruptions," he said. Stressing the importance of a resilient supply chain, the Prime Minister expressed pride in India's central role in building resilience across sectors, positioning the country as a key player in the global mission to safeguard supply chains. "Resilience of the supply chain is very important," he said. "India is working to create the same in different sectors of the economy." A halt in flights, factory shutdowns in China, and surges in demand for specific products broke supply chains during Covid-19. One of the sectors impacted was chips that form a critical part of every electronic device. Prime Minister showcased India's reformist regime, stable policies and a market that has tasted technology to make a strong pitch for investments in semiconductor manufacturing.
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