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Modi says India in mission mode for semiconductors
NDTV Profit··11 Jun
Prime Minister Narendra Modi said India is pursuing a mission-mode approach to build domestic capabilities in critical minerals and semiconductors. He said the country cannot remain dependent on foreign nations in areas linked to economic and strategic security.
Prism
What It Means For You
- Critical minerals and semiconductors affect phones, EVs, defence systems, renewable energy and advanced manufacturing.
- Reducing foreign dependence can improve resilience, but domestic capability takes time, skills and large investment.
- If successful, the push could create jobs and supply-chain depth; if poorly executed, it could raise costs without enough competitiveness.
What's Happening
- PM Modi said India is in mission mode for critical minerals and semiconductors.
- He linked the push to economic and strategic security.
- He also emphasised protecting the neo middle class and accelerating national-interest policy decisions.
Strategic Supply Chains
- Critical minerals are essential for batteries, electronics, clean energy and defence technologies.
- Semiconductor supply chains are globally concentrated, making domestic ecosystems strategically important.
- Many countries are now treating industrial policy as a national-security tool after pandemic and geopolitical disruptions.
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