Union Commerce Minister Piyush Goyal issued a stark ultimatum at TiEcon Delhi 2025: India must break free from foreign dependence on critical technology and energy to secure long-term growth and sovereignty. Speaking on “India’s Deeptech Moment: From Digital Leadership to Technological Sovereignty,” Goyal declared, “We cannot remain hostage to any single geography.” His remarks spotlight vulnerabilities in semiconductors and rare earth minerals — the backbone of AI, clean energy, and defense.

India’s tech boom relies heavily on Taiwan (90% of global advanced chips) and China (dominant in rare earths), yet both pose risks. PM Narendra Modi has dubbed chips “digital diamonds,” as vital as oil once was. But China’s recent export curbs on rare earths — citing “national interest” — has tightened the noose. Goyal warned that over-dependence leaves India exposed to supply shocks, price manipulation, and geopolitical blackmail.

The government is fighting back with firepower. A ₹1.6 lakh crore war chest funds 10 semiconductor projects, including fabs by Kaynes Tech and CG Power. India Semiconductor Mission 2.0, led by MeitY Secretary S Krishnan, will build an entire ecosystem — from gas and chemical suppliers to R&D hubs. The goal? Self-reliance by 2030, shielding India from global disruptions.

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Goyal’s vision extends beyond chips: clean energy, defense tech, and AI must be indigenized. “Control over critical supplies is non-negotiable,” he asserted. As China hoards resources and Taiwan faces threats, India’s pivot isn’t just economic — it’s strategic survival.

This is India’s Sovereign Tech Revolution — and the clock is ticking.

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