India Gets 7-8 New Chip Plants

In a significant development, India is poised to witness the establishment of 7-8 new semiconductor plants. This move is part of the country's efforts to achieve self-reliance in the production of chips, a crucial component in various electronic devices. The announcement was made by PM Modi, who stressed the importance of domestic production in reducing dependence on foreign manufacturers. The development is expected to give a boost to India's electronics industry, creating new opportunities for growth and employment. With the setting up of these new plants, India aims to become a major player in the global semiconductor market.