Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about Rs1.25 lakh crore, which include two in Gujarat and one in Assam.

"This is a historic day as we are taking a strong step towards a bright future," Modi said. The 'Made in India' semiconductor chips will take the country towards self-reliance and modernity, he said.

"When India commits, India delivers and democracy also delivers," Modi said on the promise to make the country a semiconductor manufacturing hub.

He said the earlier governments committed scams of thousands of crores, but they could not invest thousands of crores for the development of the semiconductor industry.

The three semiconductor projects launched on Wednesday include India's first Fab facility at Dholera in Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand in the state, and an OSAT facility in Morigaon, Assam.