Union Minister Ashwini Vaishnaw said current Central Government has succeed in attracting investments in emerging technology, and said that India is the next important location for semiconductor manufacturers.
Congress has attempt to do so since the 1980s but was not successful.
During Prime Minister Narendra Modi’s State visit to the US last week, Micron Technology announced a massive India-specific investment plan.
After PM Modi met Micron CEO Sanjay Mehrotra in the US and invite him to boost semiconductor manufacturing in India, the global semiconductor major announce plans to build a new assembly and test facility in Gujarat in India with an investment of $825 million (approx. Rs. 6,800 crore).
When set up, the facility will address demand from domestic and international markets.
Micron said it select Gujarat due to its manufacturing infrastructure, conducive business environment and a firm talent pipeline in the SANAND Industrial Park, Gujarat Industrial Development Corporation (GIDC).
Phase construction of the new assembly and test facility in Gujarat is expect to begin in 2023.
Micronexpects Phase 2 of the project, which would include the construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.
IT minister Ashwini Vaishnaw said :
“This was a very historic visit. It is a very proud moment when India was discussed in the White House. The US sees India as an equal partner. Several foreign policies focusing on India were signed during the visit. India and US are coming together as a big force. PM Modi’s visit is considered a milestone globally. India has now become a force to reckon with,”.
During PM Modi’s US visit, partnerships on 35 emerging technologies, including on semiconductors, space, quantum computing, and AI, among many others, were sign.
According to Ashwini Vaishnaw, jet engine manufacturing in India by HAL is the most significant milestone.
In a major announcement coinciding with PM Modi’s visit, GE Aerospace announce that it has sign a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force.
These state-of-the-art jet engines, known for their endurance and durability, will enhance the capacity of the Indian Air Force.
Co-production of jet engines for the Indian Air Force, defence industrial collaboration, space sector cooperation, semiconductor supply chain and innovation partnership and collaboration in emerging Artificial Intelligence technology are among key takeaways from Prime Minister Narendra Modi’s visit to the US and his bilateral meeting with President Joe Biden.
Ashwini Vaishnaw said :
“India tried for 40 years to develop the semiconductor industry but this is the first time a major semiconductor player, Micron is coming to the country,”.
“Today it is very clear all over the world that India will be the next big distinction of Semiconductor, now the way the whole company has seen India from a different point of view and an MoU has been signed between US and India 3 months ago in Semiconductor Corporation, which resulted during the state visit of Prime Minister, there have been 3 major advances related to semiconductor.”
“Congress is hiding its frustration, it is their frustration, Congress’s frustration is that they tried twice, tried thrice, tried in the 80s, tried in the 90s, tried back in 2010, all three times they failed, to bring the semiconductor industry in India.”
Today, India is clearly focus on technology, joint development of technology, and how India’s position can be ent in the global world order.
About Micron’s plant in India, Ashwini Vaishnaw it will be ready in record six quarters by late 2024.
