PM holds meetings with leaders of ASEAN countries

Published By : Admin | January 24, 2018 | 22:07 IST
QuotePM holds meetings with leaders of ASEAN countries

Prime Minister Shri Narendra Modi had bilateral meetings with Her Excellency Daw Aung San Suu Kyi, State Counsellor of Myanmar, His Excellency Mr. Nguyen Xuan Phuc, Prime Minister of Vietnam and His Excellency Mr. Rodrigo Roa Duterte, President of the Philippines today.

Prime Minister welcomed the three leaders to India for participation in the ASEAN-India Commemorative Summit and conveyed appreciation of the Government of India for their visit.

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During the meeting of Prime Minister Shri Modi with State Counsellor Aung San Suu Kyi, discussions were held on various issues of mutual interest and ways of further strengthening our bilateral relations, including follow up on key decisions taken during the visit of the Prime Minister Modi to Myanmar in Septmber 2017.

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In the meeting with Prime Minister Phuc, the two leaders expressed satisfaction at the growth of bilateral relations between the two countries within the framework of Comprehensive Strategic Partnership, including in the fields of Maritime Cooperation in Indo-Pacific region, Defence, oil and gas, Trade and Investment. The two agreements signed during this visit viz., on cooperation in the fields of Information & Broadcasting and on establishment of tracking and data reception station and data processing facility in Vietnam under the ASEAN-India Space Cooperation would give further boost to India-Vietnam relations. They expressed satisfaction at operationalisation of the Line of Credit of US $ 100 million under which L&T has been awarded contract for manufacture of Offshore Patrol Vessels (OPVs). They decided that the other Line of Credit of US $ 500 million would be operationalised soon.

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During the meeting with President Duterte, it was agreed to give new momentum to coperation between the two countries, particularly in the field of infrastructure development. They agreed that under India's Act East Policy and the Philippines' Build-Build-Build Programme, there are several areas for cooperation between private sectors of the two countries.

In all three meetings, the visiting dignitaries underscored the importance of ASEAN-India relations for peace, security and socio-economic development in the Indo-Pacific region.

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Cabinet approves semiconductor unit in Uttar Pradesh
May 14, 2025
QuoteSemiconductor mission: Consistent momentum

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the establishment of one more semiconductor unit under India Semiconductor Mission.

Already five semiconductor units are in advanced stages of construction. With this sixth unit, Bharat moves forward in its journey to develop the strategically vital semiconductor industry.

The unit approved today is a joint venture of HCL and Foxconn. HCL has a long history of developing and manufacturing hardware. Foxconn is a global major in electronics manufacturing. Together they will set up a plant near Jewar airport in Yamuna Expressway Industrial Development Authority or YEIDA.

This plant will manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and myriad of other devices that have display.

The plant is designed for 20,000 wafers per month. The design output capacity is 36 million units per month.

Semiconductor industry is now shaping up across the country. World class design facilities have come up in many states across the country. State governments are vigorously pursuing the design firms.

Students and entrepreneurs in 270 academic institutions and 70 startups are working on world class latest design technologies for developing new products. 20 products developed by the students of these academic students have been taped out by SCL Mohali.

The new semiconductor unit approved today will attract investment of Rs 3,700 crore.

As the country moves forward in semiconductor journey, the eco system partners have also established their facilities in India. Applied Materials and Lam Research are two of the largest equipment manufacturers. Both have a presence in India now. Merck, Linde, Air Liquide, Inox, and many other gas and chemical suppliers are gearing up for growth of our semiconductor industry.

With the demand for semiconductor increasing with the rapid growth of laptop, mobile phone, server, medical device, power electronics, defence equipment, and consumer electronics manufacturing in Bharat, this new unit will further add to Prime Minister Shri Narendra Modiji’s vision of Atmanirbhar Bharat.