India to become one of biggest chip hubs in 5 years: Ashwini Vaishnaw

India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.

In a wide-ranging interview with IANS, the Union Minister said that in the coming years, Prime Minister Narendra Modi will lay the foundation for the further growth of the industry that will create thousands of jobs.

"There is a clear policy on bringing state-of-the-art technologies to India be it Artificial Intelligence, Electric Vehicles or semiconductors. Such policies have been made so that the youth of the country can get more employment options and domestic startups can be benefitted," Ashwini Vaishnaw noted.

Semiconductor manufacturing remained only a dream since 1960 and PM Modi finally fulfilled that dream.