‘India reliable’: PM woos global investors at chip plant launch | India News
AHMEDABAD: Amid intense geopolitical tensions and trade tensions, Prime Minister Narendra Modi Modi Saturday made a strong pitch for India as a preferred investment destination. “India is capable, India is competitive, and India is committed. Today, India has only one message for global investors: India is ready, India is reliable, and India will deliver,” Modi said.
Speaking after the inauguration of US-based chip giant Micron Technology’s ATMP (Assembly, Testing, Marking and Packaging) plant, the first such facility in the country, Gujarat will provide the lifestyle and social life international companies want.“A small town (Sananda) has suddenly found its place on the world map. Needs development and provision; perhaps even today you may think, ‘It would be nice to have it, it would be nice to be there.’ I assure you, friends, the lifestyle you want, the social life you want, the way you live your life, Gujarat will create it too. We won’t let you miss anything.” He said after establishing itself as a software powerhouse, the country is “firmly establishing its identity” in the hardware sector as well. The Prime Minister said that till 10-11 years ago, discussions about data and chips in India were confined to very close circles and these often revolved only around IT services.Talking about the pace of project approvals, he said, “Today’s India is moving forward with this approach — from policy to production. It is visible. Remember, the MoU for this facility was signed in June 2023. Subsequently, the foundation stone of the facility was laid in September 2023. In February 2024, machines began to be installed at the pilot facility and today, in February 2025, commercial production has begun at the facility. Anyone who follows the sector understands the meaning of this momentum.”Referring to the start of commercial production at Micron’s ATMP facility, he said it will strengthen India’s role in the global technology value chain. The ATM facility will manufacture SSD (solid state drive) storage devices as well as RAM-type DRAM and NAND products, a government release said. The company invested Rs 22,516 crore in its Sanand plant. “The AI Summit introduced the world to India’s vision. This year is yet another testament to India’s commitment to technology leadership. Today, India is fast becoming a part of the global semiconductor value chain,” he said. “This is the century of the AI revolution, and semiconductors are the bridge to this transition. If oil was the regulator of the last century, the microchip will be the regulator of this century. India has decided to move fast in the semiconductor sector,” the Prime Minister said.India is fast becoming an integral part of the global semiconductor value chain and the entire world wants to secure the supply chain of both these technologies, he said. “The two largest democracies – India and the US – are constantly striving for this,” the Prime Minister said, adding that their combined efforts would make the global supply chain of critical minerals more secure and reliable.
