Prime Minister Narendra Modi on Tuesday said 10 semiconductor projects worth over $18 billion are underway and the country is advancing towards the next phase of the India Semiconductor Mission and revamping the design-linked incentive scheme to tap the $1 trillion global chip market.

“The day is not far when the smallest chip made in India will drive the biggest change in the world,” he said. “The day is not far when the world will say —  Designed in India, Made in India, Trusted by the World.” He was speaking at the inauguration of the ‘Semicon India - 2025’ conference, aimed at catalysing India’s semiconductor ecosystem, here.

Noting the presence of semiconductor sector experts from across the globe, with representation from around 50 countries, Modi emphasized that India’s innovation and youth power are also visibly present at the event. This unique combination, he said, sends a clear message — “The world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India”.