Indian Prime Minister Narendra Modi announced on Friday (May 23) that India will soon acquire the first "Made in India" chip produced by semiconductor factories in the northeast region.
He said that the region is becoming an important destination for both the energy and semiconductor industries.
Nowadays, the Northeast region is playing an increasingly important role in strengthening the Indian semiconductor ecosystem. India will soon obtain its first 'Made in India' chip from semiconductor factories in the Northeast region, "Modi said in his inaugural speech at the 2025 Northeast Rising Investors Summit.
Last August, Tata Group began building a semiconductor factory in Assam with a total investment of 270 billion rupees.
The Prime Minister stated that semiconductor factories have opened up opportunities for the semiconductor industry and other cutting-edge technologies in the region.
Modi stated that the government is making large-scale investments in the hydropower or solar energy sectors in various northeastern states, with projects worth tens of millions of rupees already allocated.
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He stated that investors not only have the opportunity to invest in factories and infrastructure in the Northeast region, but also have a golden opportunity to invest in the manufacturing industry in the area. He emphasized that significant investment is needed in the fields of solar modules, batteries, energy storage, and research and development, as they represent the future.
He said, "The more we invest in the future, the less we rely on other countries
The Prime Minister stated that robust roads, good power infrastructure, and logistics networks are the pillars of all industries. Where there is seamless connectivity, trade will also flourish. This means that robust infrastructure is the primary condition and foundation for any development.
Modi stated that the trade potential of the Northeast region will double in the next decade. At present, the trade volume between India and ASEAN is close to 1.25 billion US dollars. In the next few years, this trade volume will exceed 200 billion US dollars, and the Northeast region will become a solid bridge to achieve this goal. He stated that the Northeast region will become a trade gateway for ASEAN.
Adani Group Chairman Gautam Adani announced in a speech that the group will invest an additional 500 billion rupees in the Northeast region over the next 10 years. Three months ago, the group had promised to invest 500 billion rupees in Assam.
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