Modi announces launch of India's first semiconductor chip from Northeast
- Prime Minister Modi announced significant investments approved for hydropower and solar projects in the Northeast region.
- He emphasized the role of the Northeast in the semiconductor sector and introduced plans for manufacturing high-tech chips.
- The summit aims to foster collaboration between investors and encourage development in the region, which is crucial for India's overall growth.
In a significant development for India's technological landscape, Prime Minister Narendra Modi addressed the Rising North East Summit at Bharat Mandapam in New Delhi, highlighting the Northeast region's growing importance in two pivotal sectors: energy and semiconductors. This summit featured discussions on substantial investments aimed at enhancing infrastructure and promoting green energy across the eight Northeastern states, where large-scale projects in hydropower and solar energy have received government approval. The Prime Minister emphasized that these initiatives mark a transformative phase in the economic trajectory of the Northeast. He noted that projects worth several thousand crores have been sanctioned, paving the way for various enterprises like solar module manufacturing, energy storage systems, and research and development. The government aims to boost self-sufficiency in these sectors, reducing dependency on foreign imports and allowing India to harness its local resources more effectively. Focusing on the semiconductor industry, Modi stated that Assam plays a crucial role in enhancing India's chip-making capabilities. He made the announcement regarding the imminent launch of the first