Modi Engages Top US Tech CEOs as India Strengthens Push for Semiconductor Manufacturing
Indian Prime Minister Narendra Modi has called on leading US tech companies to consider India as a key hub for manufacturing and innovation. This initiative is part of India’s broader strategy to position itself as an alternative to China in the global supply chain and to boost its semiconductor manufacturing sector.
Modi’s meeting with 15 top tech CEOs in New York, following the annual Quad summit, highlights India’s commitment to fostering tech partnerships. Among the CEOs present were Google’s Sundar Pichai, Adobe’s Shantanu Narayen, IBM’s Arvind Krishna, and NVIDIA’s Jensen Huang. Modi emphasized the opportunities for collaboration, urging these companies to “co-develop, co-design, and co-produce in India for the world.”
India has been working to establish itself as a significant player in semiconductor manufacturing, though it still lags behind countries like China and Taiwan. During the meeting, India’s Ministry of External Affairs stated that the discussions centered on leveraging technology for innovation that could transform the global economy and human development.
The India-US semiconductor pact, signed during Modi’s recent meeting with US President Joe Biden at the Quad summit, is being hailed as a “watershed arrangement.” The pact aims to set up a semiconductor fabrication plant that will produce advanced chips for applications like national security, next-gen telecommunications, and green energy. This marks India’s first major semiconductor project with the US, focusing on supplying chips for both US and allied militaries, as well as the Indian military.
