India, Aug. 15 -- Prime Minister Narendra Modi on Friday announced that Made-in-India semiconductor chips will be available in the market by the end of this year, pushing the need for the country's semiconductor manufacturing.

Speaking from the ramparts of Red Fort in his 12th Independence Day speech, the PM recalled how plans for a semiconductor factory began 50-60 years ago but the files were left to "atak, latak and bhatak," translating to English as stuck, dangling and wandering in bureaucratic limbo.

Now, he said, the country is in "mission mode," with six semiconductor units in the pipeline and four new ones already approved, and promised that "Made-in-India chips" will be available in the market by year-end.

He added that India ...