1. Semiconductor chips are the backbone of modern electronics and are used in everything from smartphones to cars to industrial equipment. However, India has been heavily reliant on imports for these crucial components.
2. By setting up semiconductor fabrication facilities in Gujarat and Assam, India aims to reduce this dependency and develop indigenous capabilities in chip design, manufacturing, and fabrication.
3. This move aligns with the government's "Make in India" and "Aatmanirbhar Bharat" (self-reliant India) initiatives, which aim to boost domestic manufacturing and reduce reliance on imports in strategic sectors.
4. Developing a robust semiconductor ecosystem can not only enhance India's technological prowess but also create numerous high-skilled job opportunities in cutting-edge fields like electronics design, chip fabrication, and research & development.
5. As the demand for electronics and digital technologies continues to surge worldwide, having a strong domestic semiconductor industry can give India a competitive edge and strengthen its position in the global electronics supply chain.
Overall, this is a strategic and forward-looking move that can potentially transform India into a major hub for semiconductor and electronics manufacturing, fostering economic growth, technological advancement, and self-sufficiency in critical components.
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