📊Executive Summary

In his Independence Day speech, Prime Minister Narendra Modi highlighted India's advancements in semiconductor manufacturing, announcing that three plants are already operational in Sanand, Gujarat, with plans for nine more. Micron's facility, which packages DRAM and NAND chips, has begun shipping, while Kaynes Semicon aims to produce 6.3 million chips daily. The article emphasizes India's growing role in the global semiconductor supply chain and the establishment of critical minerals initiatives. This development is crucial for procurement teams as it signals increased capacity and potential sourcing options in the semiconductor sector....