India to add up to 8 semiconductor plants in next 7-8 years, says PM Modi

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Prime Minister Narendra Modi has announced that five to eight new semiconductor manufacturing plants are expected to be set up in India over the next seven to eight years. The statement signals India's growing ambition to build a self-reliant domestic chip manufacturing ecosystem. The push is aligned with the government's broader Aatmanirbhar Bharat and Viksit Bharat initiatives. The expansion is seen as a significant step toward reducing India's dependence on imported semiconductors and strengthening its position in global supply chains.

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