Prime Minister Narendra Modi met NXP's President and Chief Executive Officer Kurt Sievers on Wednesday. The transformative landscape in the world of semiconductors and innovation was discussed between the two.
"Happy to have met Mr Kurt Sievers, the CEO of @NXP and discuss the transformative landscape in the world of semiconductors and innovation. India is emerging as a key force in these sectors, powered by our talented youth," Prime Minister Narendra Modi tweeted.
"NXP CEO Kurt Sievers met with India's PM Narendra Modi to discuss strengthening the semiconductor ecosystem, developing STEM workforce and startup ecosystem in India. We're committed to driving innovation and positive change through our tech solutions in India", NXP said in a tweet.
NXP Semiconductors N.V. is a Dutch semiconductor designer and manufacturer with headquarters in Eindhoven, Netherlands with locations throughout the globe.
In a bid to give a boost to semiconductor manufacturing in the country, Union Minister for Electronics and Information Technology, Ashwini Vaishnaw announced in February this year that the government will come up with a program very soon to put the country on a good semiconductor journey for the next 10 years.
The government launched a programme called Semicon India Programme in December 2021 with an outlay of Rs 76,000 crore. The programme seeks to support the development of the semiconductors and the display manufacturing ecosystem in India.
The minister had apprised the parliamentary consultative committee in 2023 that several state governments like Gujarat, Madhya Pradesh, Karnataka, Odisha, Telangana, Andhra Pradesh and Tamil Nadu are in talks with the companies to set up semiconductor manufacturing plants/fab complexes.
The Semicon India Programme aims to provide attractive incentive support to companies/consortia that are engaged in Silicon Semiconductor Fabs, Display Fabs, Compound Semiconductors / Silicon Photonics / Sensors (including MEMS) Fabs, Semiconductor Packaging (ATMP / OSAT) and Semiconductor Design.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
"People Have Taken Revenge For Oppression Of 10 Years": Vinesh Phogat On Haryana Exit Poll Numbers
"Beginning Of Communication...": S Jaishankar On PM's Putin, Zelensky Meets PM Modi In Mumbai Today; Check Schedule And Key Details Here "Congress Stands For Nepotism, Casteism": PM's Final Pitch For Haryana Polls Punjab AAP Leader Shot At During Argument With Akali Leader, Hospitalised "If Donald Trump Doesn't Win....": Elon Musk Joins Ex US President On Stage On Camera, Sleeping Delhi Man Beaten For "Don't Urinate In Public" Request Emirates Airline Bans Pagers And Walkie-Talkies Amid Hezbollah Attacks Is It A Beginning Of #MeToo Movement In Music Industry? UP Villagers Kill Sixth And Final Wolf Ending Months-Long Operation Track Latest News Live on NDTV.com and get news updates from India and around the world.