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India Emerges as Global Semiconductor & AI Powerhouse at Davos 2024

Union Minister Ashwini Vaishnaw stated at the World Economic Forum in Davos that the global industry now sees India as a dependable strategic partner for supply chains. He highlighted India's rapid progress in building a complete semiconductor ecosystem covering design, fabrication, packaging, and materials. Vaishnaw cited Google's strengthened commitment, including a $15 billion AI data centre in Visakhapatnam and partnerships with Indian startups, as evidence of growing global confidence. The minister attributed this shift to India's policy stability, skilled talent, and large domestic demand, positioning the country as a global hub for innovation and production.

Key Points: India: Reliable Global Supply-Chain Partner, Says Vaishnaw at Davos

  • Full semiconductor ecosystem development
  • $15B Google AI data centre in Vizag
  • Reducing import dependence & supply-chain risks
  • Policy stability & skilled talent foundation
  • Emerging as global innovation & production hub
2 min read

Global industry sees Bharat as an increasingly reliable supply-chain partner: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw says global industry views India as a strategic semiconductor & AI partner, citing Google's $15B AI data centre investment.

"Global industry sees Bharat as an increasingly reliable supply‑chain partner. - Ashwini Vaishnaw"

Davos, Jan 20

Union Minister Ashwini Vaishnaw on Tuesday said that the global industry now views Bharat as a dependable and strategic supply-chain partner, driven by the country's rapid progress in building a complete semiconductor and artificial intelligence ecosystem.

Speaking at the World Economic Forum here, Vaishnaw said Bharat is steadily building a full semiconductor ecosystem that covers every major segment of the value chain, including chip design, fabrication, packaging, materials, specialty gases and advanced equipment.

He said this integrated approach is helping India reduce dependence on imports while creating new opportunities for global collaboration.

"Global industry sees Bharat as an increasingly reliable supply‑chain partner," Vaishnaw stated.

"Bharat is building a complete semiconductor ecosystem covering design, fabrication, packaging, materials, gases and equipment," he mentioned.

Vaishnaw noted that international companies now see Bharat as an increasingly reliable partner in global supply chains, especially at a time when countries are looking to diversify manufacturing bases and reduce risks linked to over-concentration in a few regions.

Highlighting the growing confidence of global technology leaders in India, the minister said Google is strengthening its commitment to Bharat's artificial intelligence ecosystem.

This includes plans for a $15 billion AI data centre in Visakhapatnam, Andhra Pradesh, and deeper partnerships with Indian startups working in advanced technology and innovation.

He said such investments reflect India's rising importance in future technologies such as semiconductors, AI and digital infrastructure.

According to Vaishnaw, the government's focus on policy stability, skilled talent, and large domestic demand is creating a strong foundation for long-term growth in the high-technology manufacturing sector.

The minister added that Bharat is no longer just a market for technology but is emerging as a global hub for innovation, production and trusted supply chains.

"Google is strengthening its commitment to India's AI ecosystem, including a $15B AI data centre in Vizag & partnerships with Indian startups," the Union Minister mentioned.

- IANS

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Reader Comments

P
Priya S
Great to see India moving up the value chain. But I hope this growth translates into good quality jobs for our engineers and technicians here, not just profits for foreign companies. The focus must be on skill development.
M
Michael C
As someone working in global tech, this shift is real. The "China+1" strategy is making companies look seriously at India. The scale, English-speaking talent pool, and now policy push are a powerful combination.
S
Siddharth J
The $15B data centre in Vizag is massive! Andhra Pradesh needs this boost. Hope the benefits reach the local communities and create a tech corridor in that region, not just stay in Hyderabad and Bangalore.
R
Riya H
While the announcements are promising, execution is key. We've heard big plans before. Need to see actual fabs being built, not just designed. Hope the government ensures timely clearances and infrastructure support.
K
Karthik V
From design to fabrication and packaging – covering the entire value chain is the right approach. This will create a resilient ecosystem. Make in India for the world is finally becoming a reality in tech! 💪

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