PM highlights global supply chain challenges

Sanand: Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals.

Addressing the gathering after Kaynes Semicon’s OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of goods and raw materials worldwide.

“Whether it is chips, rare earth minerals or energy, all have been affected due to conflicts,” he said, noting that these disruptions are linked to the rapid development of humanity. “Break in the supply chain and its flow will impact humanity’s development,” PM Modi said, adding that it is crucial for India to gain leadership in ensuring continuity and resilience in these critical sectors.

He recalled India’s strategic decision during the Covid-19 pandemic to strengthen self-reliance and emerge as a global hub in semiconductors, alongside efforts in artificial intelligence, clean energy, electric vehicles, defence and electronics.

Referring to policy initiatives, the Prime Minister said the India Semiconductor Mission, launched in 2021, reflects India’s confidence and ambition. “This is not an industrial policy but an announcement of India’s self-confidence. Its impact is in front of everyone,” he said.

Under this mission, 10 semiconductor projects worth Rs 1.6 lakh crore are underway across six states, including projects by Kaynes Semicon and Micron Technology.

The Prime Minister said that the next phase, India Semiconductor Mission 2.0, announced in this year’s Union Budget, will focus on domestic production of semiconductor materials and equipment, aimed at creating a full-stack semiconductor ecosystem in the country.