India, Aug. 15 -- New Delhi The first Made in India chips will be available in the market by year-end, Prime Minister Narendra Modi said in his Independence Day speech on Friday, ruing the opportunity to get ahead in the semiconductor space that was lost 50-60 years ago.

In a speech with repeated references to the importance of self-reliance, the PM recalled how plans for a semiconductor factory began 50-60 years ago but the files were left to "atak, latak and bhatak," ( stuck, dangling and meandeing) in bureaucratic limbo.

Now, he added, the country is in "mission mode," with six semiconductor units in the pipeline and four new ones already approved.

India could have been competing with other countries, such as Taiwan, the US, China a...