A New Era: India’s Electric Vehicle Exports Could Reshape Global Markets
24 August-Kolkata, India: On Saturday, Indian Prime Minister Narendra Modi declared that that India would begin selling electric cars to 100 nations.
Although he did not provide further information, he stated during his speech at The Economic Times World Leaders Forum that a “very big program” pertaining to this project will take place on August 26.
He said “I want to tell you about another achievement of India. India is now going to export electric vehicles to 100 countries of the world. A very big program related to this is also being held after two days on 26th August.”
PM Modi on semiconductor sectors
The Indian PM also spoke in advance about the huge advancements in the semiconductor industry, announcing that by the end of this year, India’s first privately produced semiconductor industry chip will be available in the international markets for purchase.
He also focused on the issue that although India missed the opportunity to start producing semiconductors decades ago, he pointed out that things have changed since they established factories there.
He also stated “We all know that semiconductor manufacturing could have started in India 50–60 years ago, but India missed that too, and the same thing continued for many years to come. Today we have changed this situation. Semiconductor-related factories have started coming up in India.”
He futher added “By the end of this year, the first Made in India chip will come in the market”.
