India making unprecedented investments in every technology
Prime Minister Narendra Modi said the presence of Twaiwanese Foxconn Semiconductor in India sends a global message that the democratic country is a trusted partner, and the increasing participation of Indian industry through such ventures in the global value chain is a win-win for India and the world.
Speaking at the groundbreaking ceremony of HCL-Foxconn Semiconductor Unit in Uttar Pradesh via Video Conferencing on 21 Feb, the Prime Minister HCL Technologies Chairperson Roshni Nadar and Foxconn Semiconductor Business Group President Bob Chen for their partnership.
Stating that Foxconn’s presence sends a global message, he underlined, “A democratic India is a trusted partner. Our participation in the value chain increases its resilience, a win-win for India and the world.”
The groundbreaking ceremony of HCL-Foxconn Semiconductor Unit groundbreaking marks a historic milestone in India’s journey toward becoming a global semiconductor hub, following closely on the heels of the Global AI Impact Summit held in New Delhi which was concluded on 20 Feb.
The Prime Minister emphasized that India is working towards the aim of Viksit Bharat rapidly. “I have said from the ramparts of the Red Fort, India has no time to stop or pause. Since the beginning of 2026, India has accelerated its pace,” the Prime Minister remarked.
The Prime Minister reiterated his vision of the current decade as India’s Techade, stating that investments in Green Energy, Space Tech, Digital Technology, and AI will form the foundation of 21st-century capability.
He further stated that India is making unprecedented investments today in every technology that will determine the future of humanity and development of this robust semiconductor ecosystem in India is a prime example of this.
The PM elaborated that “Made-in-India” chips are the backbone of a Viksit Bharat, powering critical sectors from AI and 6G to Defense and EVs. To support this vision, he highlighted the Chips to Startup initiative, set to train 85,000 specialists, alongside Budget-led advancements like the Semiconductor Mission’s second phase and the establishment of Rare Earth Corridors for end-to-end R&D and manufacturing support. Fiinews.com
