Late but Strong: India Set to Become a Global Semiconductor Exporter, Says Amit Shah
Union Home Minister Amit Shah on Thursday said that while India entered the semiconductor industry later than many global players, the country has made a powerful and confident start.
Expressing optimism, he said India would soon become self-reliant in semiconductor manufacturing and begin exporting chips to the world.
Shah was addressing the inaugural session of the Abhyuday Madhya Pradesh Growth Summit, organised on the birth anniversary of former Prime Minister Atal Bihari Vajpayee.
He said that under the leadership of Prime Minister Narendra Modi, India has laid strong foundations across several emerging sectors that will help the country emerge as a global leader in the coming years.
Highlighting India’s growing economic strength, Shah said the nation’s foreign exchange reserves have crossed $700 billion, while India has also achieved a major milestone in digital payments.
He noted that during the financial year 2024–25, 46 per cent of the world’s digital transactions took place in India, reflecting the country’s rapid digital transformation.
“We have also made a spectacular entry into the semiconductor sector, and we will soon be exporting semiconductors as well,” he asserted.
Massive Industrial Push for Madhya Pradesh
During the event, Shah laid the foundation stone and inaugurated industrial projects worth nearly ₹2 lakh crore, which are expected to generate 1.93 lakh jobs.
He also inaugurated the historic Gwalior Fair and unveiled upgraded facilities at the Atal Museum.
According to officials, the summit is being attended by around 25,000 beneficiaries, along with thousands of entrepreneurs, investors, and industry representatives.
Praise for Chief Minister Mohan Yadav
The Home Minister praised Chief Minister Mohan Yadav for successfully organising regional investment summits across the state.
He said that when development is pursued with regional balance, it benefits both the public and investors alike.
Addressing investors, Shah made a strong pitch for Madhya Pradesh, saying, “If you invest a rupee in Madhya Pradesh, you have the potential to earn crores in return.”
He emphasised that the state’s policies, infrastructure, and governance framework make it an attractive destination for long-term industrial growth.
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