We know that India has this very ambitious plan to become a global electronic hub. How are you planning on achieving this.
Thanks a lot for having me. Having me with you today in the last three months the response from almost all the global
global leaders to make the semiconductor design people is fabulous response. It's excellent response. Most of the resident
level CEO level functionaries of these companies have visited India Macro. All the senior people here evaluating have started
evaluating some locations. And tomorrow and day after we are organizing a major silicone conference in Bangalore in which
about ten thousand people are participating including the global major CEOs presidents professors from Berkeley and Stanford. So
their response is really really very heartening. And we think that we are on the right track.
In terms of being on the right track as well we know that the Intel CEO has met with India's prime minister. Has there been
kind of any clear communication about whether or not there is going to be chip plants from Intel in India or other big
corporations really trying to help you get to this goal. Yes there is a clear commitment there's a clear directional
change which is happening so many of these noble majors worth considering. Some other geographies and today based on the
program that we have rolled out and based on the clear and sincere steps that we have taken there is a absolutely I mean
India is there right there squarely on their global glass whether it is Intel Global Foundry EMC is it still taking more
time. But other big ones are very very serious in the plants.
And late last year Minister you the government did announce a 10 billion dollar incentives plan to woo some of these chip makers
in India. Can you give us an update on what companies are likely to be the first to make silicon wafers in India. So it wouldn't
be proper for me to name the company because most of the applications which are there are confidential applications but I
can see that the large memory makers the large logic chip makers all of them are very keen. Some of them have already made their
applications and other ISE. Those are in the process of evaluating the locations finalizing their partnerships making
their business plans clear because it is a big shift for most of them.
The bit the majors the global majors were considering euro automatic car are some geographies in Southeast Asia but now
then they have shifted towards India. So DAX they have to recast their business plans so it wouldn't be proper for me to get the
names but I can assure you that the majors are there for. You mention about TSMC. We see some of these big chip makers
like Samsung TSMC they're making big big investments and building plants in the U.S. A TSMC recently also talking about
building a 7 billion power plant in Japan. Germany also on their radar. Why do you think India stands out as a chip making hub.
And how do you kind of beat this competition right now. So that's a very good question. So see the two major factors
that the global CEOs have Carol Massar. First as India is a very stable democracy very clear of absolutely clear political
roadmap. It's a stable democracy. It's a delicate condition. Today close to 20 percent of the entire design talent level in
the field of semiconductors is working out of India. So that makes a big difference. DAX. That makes a very big difference.
Above all in semiconductor program we have committed to develop 85000 talent over the next 10 years. So a clear roadmap a clear
focus on talent a clear focus and a clear and sincere attempt to assuage all the risks and some of the concerns that the industry
has so far shared with us. We work very transparently and sincerely. So DAX what is giving confidence to the industry.
Minister let's move to one of your other portfolios and that is of railways and we've seen this coal shortage and the lack of
transportation of coal on the railway Raikes really lead to some power shortages in the scorching summer. What are you doing to
try and rectify that. So you're very right. So the alert took a massive CapEx program
in creative ways. So last fiscal which ended on the thirty first March. We completed the financial year with the CapEx of five
billion euros and this year our CapEx will be twenty eight billion years. Lots and lots of investment is needed in creating
more capacity. Whether it is waggons whether it is locomotives whether it is taxed signals electrification practically every
part of the ecosystem. So for example we have we are in the process of finalizing a tender for one hundred thousand Dow
Jones which is a five billion dollar. And then there is a but then there is a tender for a locomotive
which is two point six billion dollar tender which has just been floated. Another tender for princess three billion dollar
signaling one billion dollar almost another 10 billion dollar. But industry in the pipeline. I can share with you that today
India is practically the largest in the market among the largest markets because of this large CapEx push that we have
undertaken. And this is going to help us in increasing the capacity making sure that we shift more and more cargo from road
to really. And what is the concern or risks of I guess the over emphasis of
the use of coal. Listen we have made our position very clear during the
conference and our commitment is that we will become we as a country will become net zero by 2 0 7 0. And we are on the path.
Gordon is still a mainstay. But look at the giant strides we have made in the new over. So already the total installed base
of the new has crossed hundred fifty governments which was ten years back. It was just about any gigawatt or less than that.
It's already crossed over almost. We're adding seven to eight gigawatts every year to this pipeline. So that that's the kind
of push we have to make. And given our position in the development cycle.
We definitely need very low cost and affordable sources of bubble so we have to have the right mix and we have to have that
right down the street.