India plans to establish 5-8 new semiconductor plants within 7-8 years, as announced by PM Modi during the nation's 80th Independence Day celebrations at the Red Fort.
Strategic significance
Chips are crucial for electronics, transit networks
PM Modi stressed the strategic importance of semiconductor manufacturing for India's self-reliance mission, Atmanirbhar Bharat .
He said, "In today's digital world and technological landscape, we understand the immense importance of chips."
The Prime Minister highlighted their crucial role in electronics, medical devices, and transit networks.
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