Prime Minister Narendra Modi met with Sanjay Mehrotra, the President and CEO of American chipmaker Micron Technology, in Washington DC on Wednesday. During the meeting, Modi urged Micron Technology to manufacture semiconductors in India, the Ministry of External Affairs said.
PM Modi noted that India can provide competitive advantages in various parts of the semiconductor supply chain. The meeting was part of PM Modi's scheduled interactions with top CEOs, during his visit to the United States.
"I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making," the Micron Technology CEO said.
For LIVE updates on PM Modi's visit to the US, follow CNBC-TV18 here. To check out our full coverage, check here.
Notably, on June 20, the Indian Cabinet gave its approval to
After the meeting with Modi, Mehrotra said his company was looking forward to "greater opportunities" in India.
This investment is expected to boost India's semiconductor industry and aligns with Prime Minister Modi's vision of making India a global hub for semiconductor production. The new facility is anticipated to create jobs and enhance India's capabilities in the sector, contributing to its digital ambitions and self-reliance in advanced technologies.
Prime Minister Modi is visiting the United States at the invitation of President Joe Biden and First Lady Jill Biden. His visit marks his sixth trip to the country since coming to power in May 2014, but this is his first state visit.
He is scheduled to have meetings with CEOs on three out of four days during his state visit to the United States. Modi is likely to meet more than 15 CEOs over the course of three days, with the meetings taking place in the afternoons of June 20, 21 and 23.
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PM Modi noted that India can provide competitive advantages in various parts of the semiconductor supply chain. The meeting was part of PM Modi's scheduled interactions with top CEOs, during his visit to the United States.
"I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making," the Micron Technology CEO said.
VIDEO | PM Modi meets CEO of Micron Technology Sanjay Mehrotra in Washington DC. #PMModiUSVisit pic.twitter.com/q7iodSTxMm
— Press Trust of India (@PTI_News) June 21, 2023
For LIVE updates on PM Modi's visit to the US, follow CNBC-TV18 here. To check out our full coverage, check here.
Notably, on June 20, the Indian Cabinet gave its approval to
Micron Technology's plan to invest $2.7 billion in setting up a semiconductor testing and packaging unit in Gujarat, India. The government will provide production-linked incentives worth $1.34 billion (Rs 110 billion) to support the project.
After the meeting with Modi, Mehrotra said his company was looking forward to "greater opportunities" in India.
VIDEO | “We look forward to greater opportunities in India,” says CEO of Micron Technology Sanjay Mehrotra after meeting PM Modi in Washington DC. #PMModiUSVisit pic.twitter.com/uQ9uVFp8xx
— Press Trust of India (@PTI_News) June 21, 2023
This investment is expected to boost India's semiconductor industry and aligns with Prime Minister Modi's vision of making India a global hub for semiconductor production. The new facility is anticipated to create jobs and enhance India's capabilities in the sector, contributing to its digital ambitions and self-reliance in advanced technologies.
Prime Minister Modi is visiting the United States at the invitation of President Joe Biden and First Lady Jill Biden. His visit marks his sixth trip to the country since coming to power in May 2014, but this is his first state visit.
He is scheduled to have meetings with CEOs on three out of four days during his state visit to the United States. Modi is likely to meet more than 15 CEOs over the course of three days, with the meetings taking place in the afternoons of June 20, 21 and 23.
ALSO READ | India is working on several projects in collaboration with NSF: PM Modi
First Published: Jun 22, 2023 3:20 AM IST
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