New Delhi, July 4 -- India's semiconductor journey is moving into commercial production mode, with the inauguration of the country's third chip plant in Sanand today marking a key milestone in building a domestic ecosystem and reducing import dependence, Union Minister of Railways Ashwini Vaishnaw said.

The Minister spoke to media on sidelines of the Commencement of Commercial Production event at CG Semi's OSAT Facility scheduled to be held today in Sanand, Gujarat. The Minister said this development represents a major step forward in strengthening and reinforcing India's position in the global semiconductor value chain.

Vaishnaw said the semiconductor industry has been a national priority for the last 60 years. "Finally, it was possibl...