Vaishnaw, who attended the groundbreaking ceremony MicronIndia’s semiconductor plant in Gujarat claimed that India’s first indigenous microchips are expected to be rolled out by December 2024.
However, he did not reveal details about the proposals.
He said the projects will focus on a “special area” where India can emerge as a leader at the global level.
Speaking to PTI on the sidelines of the ceremony, the minister said the global semiconductor company notes the progress India has made in this segment and Prime Minister Narendra Modi’s ability to implement big and complex policy decisions.
“This has developed India into an important, trusted region where global industry players want to come in. We could see at least two more major semiconductor proposals taking shape in the coming months,” Vaishnaw said.
He said there are some specific areas where India can take the lead and the focus of the semiconductor projects will be on areas that can help the country export technology to other parts of the world.
Launched in December 2021, the semiconductor mission aims to position India as a key player in semiconductor technology.
In line with this vision, global semiconductor giant Micron on June 22 announced plans to invest $825 million to build a new assembly and testing facility in Gujarat.
(With input from agencies)