Ahmedabad: Amid rising geopolitical conflicts and trade tensions, Prime Minister Narendra Modi On Saturday, India was heavily promoted as a preferred investment destination. Modi said: “India is capable, competitive and determined. Today, India conveys only one message to global investors: India is ready, India is reliable, and India will fulfill its promises.”
Speaking after inaugurating US chip major Micron Technology’s ATMP (Assembly, Test, Marking and Packaging) plant in Sanand, the first of its kind in the country, Modi said Gujarat will provide the lifestyle and social life that international companies crave.“A small town (Sanand) has suddenly found its place on the global map. Development and systems are needed; maybe even today you may have thoughts like: ‘It would be nice to have this, it would be nice to have that.’ I assure you, friends, the lifestyle you want, the social life you want, the way you live, Gujarat will create that too. We will not make you feel that there is anything missing.” After emerging as a software powerhouse, the country has “firmly established itself” in the hardware space as well, he said. The Indian Prime Minister said that until 10-11 years ago, discussions about data and chips in India were limited to very close circles and usually revolved around IT services only.Talking about the pace of project approvals, he said: “India today is moving along this approach – from policy to production. This is evident. Remember, the MoU for the facility was signed in June 2023. Subsequently, the facility broke ground in Sanand in September 2023. In February 2024, the installation of machines began at the pilot plant, and today, in February 2025, the plant has started commercial production. Anyone who pays attention to this area can understand the significance of this speed. “Talking about the start of commercial production at Micron’s ATMP plant, he said this will strengthen India’s role in the global technology value chain. A government press release said the ATMP plant will produce SSD (solid state drive) storage devices as well as RAM-type DRAM and NAND products. The company has invested Rs 22,516 crore in its Sanand plant. “The AI ​​Summit showcases India’s vision to the world. This year has once again proven India’s commitment to technological leadership. Today, India is rapidly becoming part of the global semiconductor value chain,” he said. “This is the century of the artificial intelligence revolution, and semiconductors are the bridge to achieve this change. If oil was the regulator of the last century, microchips will be the regulator of this century. India decided to develop rapidly in the semiconductor field. “said the prime minister.He said India is fast becoming an integral part of the global semiconductor value chain and the world is looking to ensure supply chain security for both technologies. “India and the United States, the two largest democracies, are continuously working towards this end,” the Prime Minister said, adding that their collective efforts would also make global supply chains of critical minerals more secure and reliable.
