India entered semiconductor industry a bit late, but it will soon start exporting: Shah
Bhopal (PTI): Union Home Minister Amit Shah on Thursday said India made a strong but a bit late entry into the semiconductor industry, adding that the country will soon become self-reliant in the sector and start exporting.
He also said the geographical location of Madhya Pradesh is so attractive and its land so fertile that one can earn crores of rupees by investing even a small amount in the state.
Addressing the 'Abhyudaya Madhya Pradesh Growth Summit' here, he said, "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."
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On the occasion, Shah inaugurated as well as performed the groundbreaking ceremony of industrial projects of Rs 2 lakh crore on the occasion of the 101st birth anniversary of former Prime Minister Atal Bihar Vajpayee.
Remembering Vajpayee, he said, "Atal ji was a great orator, a sensitive poet, a leader dedicated to public welfare and remained 'ajatashatru' (person without enemies) in politics."
Shah also paid tributes to Pandit Madan Mohan Malviya on his birth anniversary and C Rajagopalachari on his death anniversary.
The Union minister said Madhya Pradesh was once considered a backward state in the field of electricity, but today it has surplus power.
In cleanliness also, the state has left the entire country behind, he said.
Shah also inaugurated the Gwalior Fair and dedicated to people the renovation work carried out at the Atal Museum on this occasion.
According to officials, 25,000 beneficiaries and thousands of entrepreneurs and investors are participating in the Growth Summit, organised to mark the birth anniversary of former PM Vajpayee.
These industrial projects will generate 1.93 lakh employment opportunities, an official said.
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Hormuz Strait disruptions have caused huge economic impact, energy instability in region: Navy chief
Mumbai (PTI): The Strait of Hormuz disruptions have caused severe economic impact and energy instability in the region, Indian Navy chief Admiral D K Tripathi said on Thursday amid the war in West Asia.
Speaking at an event where INS Sunayna, an offshore patrol vessel, set sail from Mumbai as Indian Ocean Ship (IOS) Sagar, the admiral said competition at sea has no longer remained confined to oil and energy.
It is now expanding towards resources that will shape future growth - such as rare earth elements, critical minerals, new fishing grounds and even data, he said.
The West Asia crisis began on February 28 after a joint attack by the US and Israel on Iran.
Iran's strikes on its neighbours along with its chokehold on the Strait of Hormuz have disrupted the world's energy supplies with effects far beyond West Asia.
"With the conflict in West Asia well into its fifth week, the disruptions in the Strait of Hormuz have caused severe economic impact and energy instability in the region," Tripathi said.
There is significant increase in the marine survey, deep-sea research activity, and Illegal Unreported and Unregulated Fishing (IUU), often encroaching upon the sovereign rights of littoral nations and exploiting gaps in monitoring and enforcement, he said.
Alongside these, threats such as piracy, armed robbery and narco-trafficking backed by unimpeded access of advanced technology to non-state actors, have also become more complex and challenging to counter, the Navy chief pointed out.
Last year alone, the Indian Ocean Region witnessed a staggering 3,700 maritime incidents of varying nature, the admiral said.
Additionally, narcotics seizures in the region exceeded USD 1 billion USD in 2025, highlighting the persistence and spread of such challenges in the region, he said.
