Union Minister Ashwini Vaishnaw, speaking at the World Economic Forum in Davos, emphasized that the global industry now sees India as a reliable and strategic partner in the supply chain. India has been making rapid advancements in establishing a comprehensive semiconductor and artificial intelligence ecosystem. This progress includes developing capabilities in chip design, fabrication, packaging, materials, gases, and advanced equipment.
Vaishnaw pointed out that India’s integrated approach in building a full semiconductor ecosystem is reducing reliance on imports and fostering opportunities for international collaboration. He highlighted that global companies increasingly view India as a trustworthy partner in supply chains, particularly as nations seek to diversify manufacturing locations and mitigate risks associated with concentration in specific regions.
The minister also mentioned the growing confidence of global technology leaders in India, citing Google’s plans to bolster its involvement in India’s artificial intelligence landscape. Google intends to set up a $15 billion AI data center in Visakhapatnam, Andhra Pradesh, and enhance collaborations with Indian startups focusing on advanced technology and innovation. These investments underscore India’s expanding role in emerging technologies like semiconductors, AI, and digital infrastructure.
Vaishnaw emphasized that the government’s emphasis on policy consistency, skilled workforce, and substantial domestic demand is laying a robust foundation for sustained growth in the high-technology manufacturing sector. He added that India is evolving from being merely a technology market to becoming a global center for innovation, production, and reliable supply chains.
