21 (14)-684

I want to acknowledge the traditional owner of the land on which we stand today and pay my respect to their elders and their past and present. Premier Campbell Newman, Lord Mayor Graham Quirk and Friends,

Thank you very much for hosting this Reception. I am delighted to be present at this function. Congratulations to Brisbane for being such a wonderful host to G20. You did an outstanding job. I know that you have often lived in the shadow of Melbourne and Sydney. This week you have shown the world what a great city and host you are.

21 (4)-684 Today, I have started my bilateral visit to Australia and, I am pleased that it has begun here. Queensland is at the forefront of relations between India and Australia.

Earlier today, I had the privilege to unveil a statue of Mahatma Gandhi in Brisbane. This has added a special bond of emotion between us. This is a symbol of the values that we share; the ideals we aspire to; and, the world we wish to build. The credit for this strong partnership between India and Queensland goes to you, Premier Newman and Lord Mayor.

Your missions to India have been very productive and brought our businesses and our people closer. Several Queensland business delegations are visiting India this year. Queensland has emerged as a major source of key resources to power India`s growth development. It is also a major destination of Indian investments. You have supported partnership in education and skills.

Queensland`s universities and research institutions are collaborating closely with India. They have used the opportunities provided by Australia-India Strategic Research Fund well.

I went to Queensland University the other day and met some of your scientists and academics. The joint research we are doing will help our farmers, especially in dry areas, and contribute to food security in India. Queensland`s fruits and vegetables are really good. There is a lot of potential for us to work together.

I am joined on this visit by a delegation of business and academic leaders from India, who are forging strong partnerships with Australia and especially with Queensland.

I am grateful to you for looking after the Indian community of nearly 100,000. Some have been here for generations, some have come more recently. But, they are really happy here. They are the bridge of friendship and understanding between us.

We can also learn and gain a lot from each other in tourism. Lord Mayor, Brisbane has emerged as centre of advanced technology; at the same time Hyderabad is also known as Cyberabad. It is natural that the two cities have a sister-city relationship. I truly welcome the engagement between states and cities. Relations between countries can prosper fully only if we bring our states and cities together.

That is why I am also very keen to involve states in India in our international engagements.

21 (10)-684 Friends, This is an exciting moment in India. A moment filled with optimism; a desire for change and progress; and the confidence to achieve it. Driven by the energy and the enterprise of our youth. This is a time to forge partnerships in India. You will find a welcoming environment that not only makes it possible, but also easy and smooth.

Here in Brisbane and at this Reception, I feel the sentiment of friendship between our people and the promise of a strong partnership in the years ahead.

I want to thank you once again for the warmth of your welcome and your hospitality.

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PM chairs Semiconductor Executives’ Roundtable
September 10, 2024
Semiconductor is the basis of the Digital Age: PM
PM emphasises that democracy and technology together can ensure the welfare of humanity
PM underscores that India has the capability to become a trusted partner in a diversified semiconductor supply chain
PM assures that the government will follow a predictable and stable policy regime
CEOs appreciate the suitable environment for the industry in country saying centre of gravity of the semiconductor industry is starting to shift towards India
Expressing confidence in the business environment, CEOs say there is unanimous consensus in the industry that India is the place to invest
CEOs mention that enormous opportunities present in India today were never seen earlier

Prime Minister Shri Narendra Modi chaired the Semiconductor Executives’ Roundtable at his residence at 7, Lok Kalyan Marg earlier today.

During the meeting, Prime Minister said that their ideas will not only shape their business but also India’s future. Mentioning that the coming time will be technology driven, Prime Minister said semiconductor is the basis of the Digital Age and the day is not far when the semiconductor industry will be the bedrock for even our basic necessities.

Prime Minister emphasised that democracy and technology together can ensure the welfare of humanity and India is moving ahead on this path recognizing its global responsibility in the semiconductor sector.

Prime Minister talked about the pillars of development which include developing social, digital and physical infrastructure, giving boost to inclusive development, reducing compliance burden and attracting investment in manufacturing and innovations. He underscored that India has the capability to become a trusted partner in a diversified semiconductor supply chain.

Prime Minister talked about India’s talent pool and the immense focus of the government on skilling to ensure that trained workforce is available for the industry. He said that India’s focus is to develop products which are globally competitive. He highlighted that India is a great market for investing in hi-tech infrastructure and said the excitement shared by the leaders of the semiconductor sector today will motivate the government to work harder for this sector.

Prime Minister assured the leaders that the Indian government will follow a predictable and stable policy regime. With the focus of Make In India and Make for the World, Prime Minister said that the government will continue to support the industry at every step.

The CEOs appreciated India’s commitment to the growth of the semiconductor sector and said that what has transpired today is unprecedented wherein leaders of the entire semiconductor sector have been brought under one roof. They talked about the immense growth and future scope of the semiconductor industry. They said the centre of gravity of the semiconductor industry is starting to shift towards India, adding that the country now has a suitable environment for the industry which has put India on the global map in the semiconductor sector. Expressing their belief that what is good for India will be good for the world, they said India has amazing potential to become a global power house in raw materials in the semiconductor sector.

Appreciating the business friendly environment in India, they said that in the world of complex geopolitical situation, India is stable. Mentioning their immense belief in India’s potential, they said there is unanimous consensus in the industry that India is the place to invest. They recalled the encouragement given by the Prime Minister in the past as well and said the enormous opportunities present in India today were never seen earlier and they are proud to partner with India.

The meeting was attended by CEOs, Heads and representatives of various organisations including SEMI, Micron, NXP, PSMC, IMEC, Renesas, TEPL, Tokyo Electron Ltd, Tower, Synopsys, Cadence, Rapidus, Jacobs, JSR, Infineon, Advantest, Teradyne, Applied Materials, Lam Research, Merck, CG Power and Kaynes Technology. Also present in the meeting were Professors from Stanford University, University of California San Diego and IIT Bhubaneswar.