PTI New Delhi

India will soon introduce its first indigenous semiconductor chip, as five semiconductor units are currently under construction in the country, Union Minister for Electronics and Information Technology Ashwini Vaishnaw stated on Thursday. 

Speaking at the Times Now summit, the Minister emphasized that India's electronics manufacturing sector, once negligible, has now become one of the top three export sectors. He said "We have five semiconductor units under construction and will soon see our first Indian chip rollout, with telecom manufacturing significantly growing". 

The minister highlighted that India had missed past opportunities due to restrictive laws, but significant reforms in recent years have paved the way for rapid growth.  He attributed India's economic progress to a clear policy framework established by Prime Minister Narendra Modi. He explained that this framework is built on four key pillars. 

"The first is the Public Investment in infrastructure where the government is investing nearly Rs 11 lakh crore in social, digital, and physical infrastructure. As a result, India has become the second-largest 5G market in the world and the Indian Railways is set to become the second-largest carrier, transporting 1.6 billion tons this year.," he said.