India, for becoming a good semiconductor industry, is ticking all the check boxes which are needed. Our solar power installed capacity has increased to more than 20%. We have targeted to generate 500GW renewable energy by the end of this year. The policy reforms happening in India will have a positive impact on the semi-conductor eco-system. India comes into the category of the least-corporate tax countries in the world. We have ensured that there is faceless and seamless taxation process. We have ended many laws that were a barrier to our principle of ease of doing business. India is spreading red-carpet for the semi-conductor industry.
#SemiConductor #PMModi #Gujarat #GandhiNagar #India #SemiconIndia2023 #BJP #Ahmedabad #Congress #HWNews
#SemiConductor #PMModi #Gujarat #GandhiNagar #India #SemiconIndia2023 #BJP #Ahmedabad #Congress #HWNews
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00:00 All of you, conductors and insulators, know the difference.
00:10 Energy can be passed through a conductor, but not through an insulator.
00:22 India is ticking every check box to become a good energy conductor for the semiconductor industry.
00:43 For this sector, electricity is needed. In the last decade, our solar power installed capacity has increased by 20 times.
01:01 Till the end of this decade, we have set a target of 500 gigawatt renewable energy capacity.
01:13 We have taken many big steps to produce solar PV modules, green hydrogen and electrolyzers.
01:24 The policy reforms in India will have a positive impact on the semiconductor ecosystem.
01:34 We have also announced many types of tax cuts for the new manufacturing industry.
01:47 Today, India is one of the few countries with corporate tax.
01:57 We have made the taxation process faceless and seamless.
02:08 We have abolished many old laws and compliances that were in the way of ease of doing business.
02:19 The government has also given special incentives for the semiconductor industry.
02:28 These policies are a reflection of India's commitment to the semiconductor industry.
02:48 As India moves forward on the path of reform, more opportunities will be created for you.
03:00 India is becoming a great conductor for semiconductor investments.
03:11 [music playing]
03:14 (upbeat music)