PM Modi Champions India as Premier Investment Destination at Micron Plant Inauguration
Against a backdrop of escalating geopolitical conflicts and international trade tensions, Prime Minister Narendra Modi delivered a powerful endorsement of India's economic potential on Saturday. Speaking at the inauguration of US-based chip giant Micron Technology's ATMP (Assembly, Testing, Marking and Packaging) plant in Sanand, Gujarat—the first such facility in the country—Modi asserted India's readiness to welcome global investors.
"India is Ready, Reliable, and Will Deliver"
"India is capable, India is competitive, and India is committed. Today, India has only one message for investors worldwide: India is ready, India is reliable, and India will deliver," declared the Prime Minister. He emphasized that after establishing itself as a software powerhouse, the nation is now "firmly establishing its identity" in the hardware sector as well.
Modi highlighted Gujarat's appeal to international companies, stating, "A small town like Sanand has suddenly found its place on the global map. We will not let you feel anything is lacking—the lifestyle you desire, the social life you desire, the way you live your life, Gujarat will create that too." He assured that the state would provide the development and systems necessary for corporate success.
Rapid Progress in Semiconductor Sector
The Prime Minister underscored India's accelerated pace in project approvals and execution. "Today's India is moving forward with this approach—from policy to production. It is visible," he noted, detailing the timeline:
- Memorandum of Understanding signed in June 2023
- Groundbreaking ceremony in September 2023
- Machines installed in the pilot facility by February 2024
- Commercial production commencing in February 2025
"Anyone who follows this sector can understand the meaning of this speed," Modi remarked, contrasting it with the limited discussions about data and chips in India just a decade ago, which were confined to small IT circles.
Strengthening Global Technology Value Chains
Referring to the start of commercial production at Micron's ATMP facility, Modi explained that it would bolster India's role in the global technology value chain. The facility will manufacture:
- SSD (solid state drive) storage devices
- RAM-type DRAM products
- NAND products
With an investment of Rs 22,516 crore, this plant marks a significant milestone. "This is the century of the AI revolution, and semiconductors are the bridge to this change. If oil was the regulator of the last century, the microchip will be the regulator of this century," Modi stated, adding that India has decided to advance rapidly in the semiconductor sector.
India-US Collaboration and Global Supply Chains
Modi pointed out that India is rapidly becoming an integral part of the global semiconductor value chain, with the entire world seeking to secure supply chains for critical technologies. "The two largest democracies—India and the US—are continuously striving for this," he said, emphasizing that their collective efforts will make the global supply chain of critical minerals more secure and reliable.
He also referenced the AI Summit as introducing the world to India's vision, with this year serving as further proof of the country's commitment to technology leadership. As global tensions persist, Modi's message positions India not just as a participant, but as a dependable partner in the evolving technological landscape.
