New Delhi, March 13 -- Prime Minister Narendra Modi laid the foundation stone for three semiconductor projects worth about 1.25 lakh crore rupees through video conferencing on Wednesday.

These projects are located at Dholera and Sanand in Gujarat and Morigaon in Assam.

The move will help in the development of semiconductors and display manufacturing ecosystems in India.

The India Semiconductor Mission has been set up by the Government of India to create an end-to-end semiconductor ecosystem to enable India to lead the global semiconductor industry.

Addressing the gathering, Prime Minister Modi said, "Today, we are creating history while leaping towards a bright future. These projects will help India become a global hub in semiconductor ...