PM Modi , who reached Singapore on Wednesday, is slated to hold numerous engagements in the city-state on Thursday as well.
India, with abundant land and skilled labour, can be part of Singapore's semiconductor value chain.
Semiconductor companies in Singapore can be encouraged to consider India for their expansion plans.Singapore also has semiconductor equipment and material manufacturers.
It is possible that such competition from other countries will drive down Singapore's share in global semiconductor production in the long run.Singapore has carved out a niche space for itself in the global semiconductor value chain over several decades.
However, changes in the global situation led by the US-China rivalry and growing attention to de-risking are leading major economies (including India) to have their own semiconductor industry.

PM Modi to explore semiconductor innovations in Singapore on 2nd day of his visit