India's Prime Minister Narendra Modi (C) attends the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi speaks during the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi speaks during the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi (C), Railways, Electronics and Information Technology Minister Ashwini Vaishnaw (3R), CG Power and Industrial Solutions Chairman Vellayan Subbiah (2R), Renesas Electronics India President and Vice President Malini Narayanamoorthi (R) and Gujarat state Chief Minister Bhupendrabhai Patel (3L) attend the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi (4R), Railways, Electronics and Information Technology Minister Ashwini Vaishnaw (3R), CG Power and Industrial Solutions Chairman Vellayan Subbiah (2R), Renesas Electronics India President and Vice President Malini Narayanamoorthi (R) and Gujarat state Chief Minister Bhupendrabhai Patel (3L) attend the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

(L-R) Gujarat state Chief Minister Bhupendrabhai Patel, Renesas Electronics India President and Vice President Malini Narayanamoorthi, India's Prime Minister Narendra Modi, CG Power and Industrial Solutions Chairman Vellayan Subbiah and India's Railways, Electronics and Information Technology Minister Ashwini Vaishnaw attend the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi speaks during the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)

India's Prime Minister Narendra Modi attends the inauguration of chipmaker CG Semi's OSAT (outsourced semiconductor assembly and testing) facility in Gujarat's Sanand on July 4, 2026. (Photo by Shammi MEHRA / AFP via Getty Images)