Union Home Minister Amit Shah expressed strong confidence in India's semiconductor ambitions on December 25, stating that despite a late entry into the industry, the country will soon achieve self-reliance and begin exporting semiconductors. Speaking at the Abhyudaya Madhya Pradesh Growth Summit in Gwalior, Shah emphasized India's potential for strong positioning in the sector moving forward.

Semiconductor Industry Outlook and Digital Leadership

Shah acknowledged India's delayed entry into the semiconductor sector but remained optimistic about future prospects. "We have made a strong entry into the semiconductor industry, although a bit late. In no time, we will not only become self-reliant in the semiconductor sector, but will also start exporting it," he stated during his address.

The minister highlighted India's remarkable achievements in digital transactions, noting that 46% of global digital transactions took place in India during 2024-25. He also mentioned that India's foreign exchange reserves have crossed $700.00 billion, demonstrating the country's strong economic foundation for technological advancement.

Major Industrial Investment in Madhya Pradesh

The summit witnessed significant industrial commitments, with Shah inaugurating and performing groundbreaking ceremonies for projects worth ₹2.00 lakh crore. The event was strategically timed to coincide with the 101st birth anniversary of former Prime Minister Atal Bihari Vajpayee.

Madhya Pradesh's Industrial Transformation

Shah praised Chief Minister Mohan Yadav's initiative of organizing regional investment conferences for balanced state development, comparing it favorably to Gujarat's Vibrant Gujarat summit. He highlighted Madhya Pradesh's transformation from a "BIMARU" state during Congress rule to its current status as a developed industrial hub.

The minister emphasized the state's geographical advantages, noting that its attractive location reduces transportation costs and offers significant investment opportunities. He mentioned that a multi-modal logistics park is being built in Indore to encourage companies nationwide to establish warehouses and hubs.

Record-Breaking MSME and Startup Growth

Shah highlighted Madhya Pradesh's remarkable progress in entrepreneurship, stating that the state registered 4.57 lakh new MSME units in just one year, setting a record in India. He noted that nearly 50% of the state's startups are run by women and girls, demonstrating inclusive growth in the entrepreneurial ecosystem.

Additional Inaugurations and Tributes

During the event, Shah inaugurated the Gwalior Fair and dedicated renovation work at the Atal Museum to the public. He paid tribute to Atal Bihari Vajpayee, describing him as "a great orator, a sensitive poet, a leader dedicated to public welfare and remained 'ajatashatru' (person without enemies) in politics." The minister also honored Pandit Madan Mohan Malviya on his birth anniversary and C Rajagopalachari on his death anniversary.