India, Feb. 22 -- Prime Minister Narendra Modi on Saturday said the foundation of a developed India will be laid based on self-reliance, for which having chips made in India is very important. "Developed India will be built only when India is self-reliant. For this, the Made in India chip is very important. Whatever India is doing in the field of technology in this decade, it will become the foundation of our capability in the 21st century," Modi said in a virtual address to lay the foundation stone of India Chip Pvt Ltd - the HCL Group and Foxconn JV.

Modi shared that a weak supply chain of tiny chips during the Covid-19 pandemic halted development of several economies and stopped work at various factories. The India Chip Pvt Ltd - the ...