Regarding the four plants that started pilot production in the semiconductor sector, one of them will start commercial production by the last week of February. “Reflecting on the nation’s progress, he shared, “This is a matter of great pride for the country, and it is the result of the Prime Minister’s focused execution, demonstrating how, after 60 years,India has finally made a significant mark in the semiconductor industry.” He further added, Rare earths are a very complex value chain, involving contributions from many countries around the world.

India has entered into several collaborations in this complex value chain. There are collaborations with the US, Europe, Germany, Japan, South Korea, and Singapore. These collaborations aim to create an ecosystem that ensures India’s continued growth.” Union Minister Ashwini Vaishnaw also stressed that India is poised to become the world’s third-largest economy in the next few years, driven by a decade of “well thought-through” structural changes and focused execution.

Ashwini Vaishnaw, Union Minister

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