New Delhi. In response to questions asked at the World Economic Forum recently about India’s stand in the ongoing semiconductor competition between Western countries and China, Information Technology Minister Ashwini Vaishnav said several things during the interview, clarifying India’s point of view. . The minister highlighted the country’s foreign and economic policies, and highlighted the global trust that India has gained over the years as its biggest asset. Vaishnav spoke candidly on the possibilities for India in the semiconductor sector. Along with this, it was also discussed whether India is ready to cooperate with China and other countries of the world in the semiconductor field in future.
India has gained confidence as a capital
Minister Vaishnav pointed out that India’s approach towards foreign relations and economic policies has generated significant trust across the world. He emphasized that this trust acts as a unifying force, promoting harmonious relations at the global level. Along with this, highlighting India’s active participation in the semiconductor sector, Vaishnav mentioned cooperation with America, Europe and Japan. Additionally, cooperation has been established with South Korea and its government. Due to which India is actively moving forward in the semiconductor sector.
#Davos2024 , Looking at developing an ecosystem of semiconductors, hardware and talent: Union Minister Ashwini Vaishnaw @AshwiniVaishnaw #Davos #WorldEconomicForum #WEF pic.twitter.com/TMDw3ylNwf
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Emphasis on cooperation rather than competition
Contrary to portraying the semiconductor sector as a battle between the West and China, Minister Vaishnav stressed India’s belief that there is enough room for all. He stressed the importance of commitment, talent and focus in shaping India’s role in the global semiconductor market.
India will progress in semiconductor sector in future
Ashwini Vaishnav also talked about potential challenges that may arise as India progresses in high-end chip manufacturing. He was asked the question that if India cooperates with Chinese companies in the semiconductor sector, will it affect the relationship between India and America?
On this, he acknowledged the dynamic nature of the semiconductor industry and said that predicting its market in the next ten years is a complex task. Vaishnav highlighted the complexity and uncertainty of the sector using the example of rapid developments in electric vehicles and telecommunications within the last five years. He stressed that India remains adaptive, ready to grow along with the industry.