New Delhi, March 28 -- India is set to enter the league of top five semiconductor producers over the next five years, Union Minister Ashwini Vaishnaw said on Thursday.

Speaking at the Times Now Summit 2024, the Minister for Communications and Electronics and IT said this rapid progress in precision technology such as semiconductors is because of Prime Minister Narendra Modi's focus on setting up the entire semiconductor ecosystem in India, not just plants, and taking a long-term approach.

"I must have personally met about 45 companies, CEOs and CTOs. We asked them every detail needed to set up this new industry. There are over 250 chemicals and gases which go into semiconductor manufacturing. We have four units where the construction wo...