In Roundtable With US Tech CEOs, PM Modi Says India Will Invest $15 Billion In Semiconductor Sector

In a roundtable with top leaders of technology companies in New York, Prime Minister Narendra Modi on Sunday underlined India’s growing prowess in emerging tech areas and said that the country is moving forward with an ambitious USD 15 billion investment in the semiconductor field.

Addressing leaders of tech giants like Google, Nvidia, and 13 other companies during his three-day US trip, Modi underscored India’s potential to become a global partner in the semiconductor sector and highlighted how technological advancements in India can drive innovation.

In a spirited address, PM Modi reflected on the progress made over the past year and the promising future of India as a key player in the global economy. A year after he held a similar meeting in the US, PM Modi expressed appreciation for the energy and positive attitude towards India, saying, “It feels so good when you all talk about India and its bright future.”

‘You all have worked with India’

Asserting the need for a balance between technology and democracy, the Prime Minister emphasised the importance of collaboration while highlighting the technological transformation shaping the 21st century. Making a pitch for India as a prime destination for investment, PM Modi emphasised that India possesses a unique combination of talent, a growing market and a democratic framework, presenting a rare opportunity for investors.

“You all have worked with India and other global partners, and you can compare India with others,” he said. He described India as an ambitious nation, one of the fastest-growing economies, and expressed confidence in achieving the status of the world’s third-largest economy in his third term. “For any country, policy stability is very important, and India is now a front-runner in stable and predictable policy,” Modi concluded, inviting global leaders to engage further with India’s transformative journey.