Modi pitches India as global chip hub, touts $13B incentive program

At the Semicon 2.0 conference in New Delhi, PM Modi promoted India as a future global semiconductor manufacturing hub, citing a $13 billion government aid program announced in July to boost local chip production for AI. The event gathered industry leaders including Tata Electronics, CG Power, and ASML. This signals India's strategic push to diversify global chip supply chains, though execution and infrastructure remain key uncertainties.