Micron Technology Chief Sanjay Mehrotra call on Prime Minister Narendra Modi and discuss plans to bolster the semiconductor manufacturing ecosystem within India. The Micron Technology Chief met the Prime Minister in Gujarat’s Gandhinagar.
Sanjay Mehrotra is in India to attend the three-day ‘SemiconIndia 2023’ conference.
The conference, its second edition, organise by India Semiconductor Mission in partnership with industry and industry associations, is aim to make India a global hub for semiconductor design, manufacturing and technology development.
SemiconIndia was held in Bengaluru in 2022.
The theme of the Conference is ‘Catalysing India’s Semiconductor Ecosystem’.
Regarding the meeting between the Micron Technology CEO and PM Modi, the Prime Minister’s Office tweeted :
Mr. Sanjay Mehrotra, President and CEO of @MicronTech, met PM @narendramodi in Gandhinagar. They discussed Micron Technology's plans to bolster the semiconductor manufacturing ecosystem within India. pic.twitter.com/JxLDsul2s0
— PMO India (@PMOIndia) July 28, 2023
It is not the first time that PM Modi has met the Micron CEO.
In June 2023, when PM Modi visit the US, the two had an excellent meeting.
Sanjay Mehrotra said at that time :
“I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making. We discussed a wide range of topics and we really look forward to greater opportunities in India,”.
Micron Technology, during PM Modi’s US visit last month, announce its India investment plans.
Micron Technology commit that it will invest up to $825 million (approx. Rs. 6,800 crore) to build a new semiconductor assembly and test facility in India with support from the Indian government.
Micron had said it select Gujarat’s SANAND Industrial Park (Gujarat Industrial Development Corporation – GIDC) due to its manufacturing infrastructure, conducive business environment and firm talent pipeline.
As, India and the US have sign a Memorandum of Understanding (MoU) recently on establishing the Semiconductor Supply chain during the India-USA 5th Commercial Dialogue 2023, which can help India realize its long-nurtured dream of becoming a hub for electronic goods.
The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.
The US and China are big in chip manufacturing.
So, this pact with the US to strengthen cooperation in the semiconductor sector to facilitate commercial opportunities and the development of innovation ecosystems is likely to help India immensely.
It can help India align into a more central role in the global electronics supply chain.
The crunch in semiconductors supply began during COVID-19 and went on to intensify in 2021.
