English rendering of PM's speech during the inauguration of SEMICON India 2026

Prime Minister Narendra Modi inaugurated the fifth edition of SEMICON India 2026, marking the transition of India's semiconductor sector from policy and pilot phases to commercial production, with new plants commencing production in Mohali and Surat. Highlighting India's economic growth of 7.8 percent and recent sovereign rating upgrades, the Prime Minister announced the launch of the second phase of the India Semiconductor Mission, increasing its financial scope from about $8 billion to $13.5 billion. The expanded framework includes policy reforms enabling international collaborations with startups, Indian design companies, and OCI-owned companies. Furthermore, the Prime Minister emphasized India's massive talent pool, ongoing skilling initiatives targeting one lakh engineering students with over 70,000 already trained, and robust investments in renewable and nuclear energy infrastructure to address the power and data-center demands of the AI-driven semiconductor era.